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© Reuters.
Investing.com – Discover the five headlines on Tuesday, December 11, on the financial markets:
1. US and China begin new round of trade talks
US and China exchange over phone call between Treasury Secretary Steven Mnuchin, Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He [19659006] The Chinese Ministry of Commerce said in a brief statement that Liu had spoken with Mnuchin and Lighthizer Tuesday morning in Beijing.
Top three officials discussed purchases of Chinese agricultural products and changes in China's main economic policies, including the Made in China 2025 plan, during the call, said familiar interlocutors .
"The two parties held an exchange of views to put into practice the consensus reached by the leaders of the two countries in their country meeting, and to advance the timetable and the road map for the next stage of the work. advice on economy and trade, "said the ministry.
President Do Nald Trump and Chinese President Xi Jinping agreed last week to suspend additional tariffs on products from both countries for 90 days to allow negotiations to continue.
Lighthizer said Sunday that unless negotiations between the US and China finish successfully before March 1, new tariffs will be imposed.
2. May tackles Europe facing the turmoil of Brexit
Beyond the uncertainty of the markets, a parliamentary vote on its agreement on Brexit Monday, increasing the risk of a chaotic exit from the European Union [19659006] With his position in danger, May said that he would now return to the EU to get badurances on the so-called Irish "backstop" a police force. insurance guaranteeing the non – return of a difficult border on the island of Ireland. will meet Dutch Prime Minister Mark Rutte and German Chancellor Angela Merkel before a European summit on Thursday and Friday
. She then plans to meet with the President of the European Commission, Jean-Claude Juncker, who said that there would be no negotiations on the current agreement on Brexit.
Without agreement, the options for the fifth largest economy in the world include a last minute deal, another referendum on the EU or potentially a Brexit.
The pound sterling rose about 0.5% from the pair, to 1.2625 (), after falling 1.3% the day before, when the currency had fallen to its highest level. Low since April 2017 at 1.2507.
3. The US futures market has signaled an opening up for Wall Street, although concerns over the trade dispute between the two countries have intensified and kept investors on their guard. 19659006] At approximately 8:30 am, the index of first-order values rose 68 points, or about 0.3%, from 6 points, or about 0.25%, while the future technology index showed a gain of 27 points, or
In Europe, stock markets were up during the session and the stock market rose on Wall Street on Monday. in the middle of the morning, with most sectors and major exchanges of the region in positive territory.
Earlier Oil prices rise ahead of API report
In commodities markets, oil prices were slightly in positive territory before the release of new weekly data on US trade stocks.
The American Petroleum Institute (API), the oil group, is expected to release its results for the week ending Dec. 7 at 7:30 pm, while there is expected to be a drop in prices. approximately 2.9 million barrels.
Upcoming contracts increased 41 cents, or 0.8%, to $ 51.41 a barrel.
Meanwhile, international futures rose 48 cents, or 0.8 percent, to $ 60.45 a barrel. 19659011] 5. Producer Inflation Data on the Agenda
In the foreground, today's calendar will provide investors with the November report on prices at market prices. production at 11:30, which should give clearer guidance on the pace of inflation.
Excluding the cost of food and fuel, underlying inflation is expected to increase year by year.
It is estimated that producer prices should have increased last month and over the previous year. .
O, which measures the strength of the currency against a weighted basket of six major currencies, decreased by 0.25% to 96.93.
On the bond market, Treasury yields rose, with benchmark rate at 2.88%, while the yield of government bonds maturing at 2.75%.
The Fed is expected to announce its next week, but investors are beginning to question the number of rate hikes. can be implemented in the next year. Policymakers have pointed to three increases in 2019, but the market is beginning to bet that the central bank could suspend its rate hikes next year.
With Reuters
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