US-Chinese trade negotiations; VW warns about tariffs; Barclays and Brexit


The main negotiators of the two countries are due to meet in Washington on Thursday, where they will try to fill the gaps on issues such as the Chinese currency and market access for US companies.

President Donald Trump said he was ready to extend the deadline that it had imposed if an agreement was reached. If it does not, customs duties on Chinese goods worth $ 250 billion will increase from 10% to 25% on March 2.

2. Another commercial threat: Volkswagen (VLKAF) Chief Executive Herbert Diess warned of the damage to his company from possible US customs duties on imported cars.

Diess told the Financial Times that he was sharing an analyst's estimates that import duties would cost 2.5 billion euros ($ 2.8 billion) a year to Volkswagen.

"In the worst case, it would probably be close to the real figure," Diess said about Evertime's estimate of the ISI quoted by the Financial Times.

On Sunday, Trump was informed of the results of an investigation to determine whether imports of cars and parts were threatening the national security of the United States. It has 90 days to respond to the findings of the report.

It could decide to impose tariffs of up to 25% on vehicle imports, which, according to experts, would be very detrimental for companies in Europe and elsewhere.

"The situation is getting tense again," Diess told the newspaper. "You know it's a shame because we can not solve it from the auto industry [alone]. It's more a tariff negotiation between Europe and the United States. "
3. Barclays Gains: Actions in Barclays (BCS) jumped 3.6% after the UK bank announced results that match analysts' expectations and highlighted the strong performance of its trading activities.

The company also said that the uncertainty surrounding Brexit had earned it 150 million pounds ($ 196 million) in the fourth quarter to cover potential costs.

4. Problem in Maersk: The shares of shipping giant Maersk dropped nearly 10% after the company announced that its earnings for 2019 would not meet analysts' expectations.

Investors have been alert to the consequences of the global economic crisis and the US-China trade war on Danish society.

The company issued warnings on both issues in an annual report released Thursday. He also mentioned the risk of Brexit negotiations.

"The main risk for global demand for containers is linked to a further cyclical slowdown in the global economy," the company said.

5. Global Market Overview: European markets have opened in a mixed way, following the trend established in Asia.
The Dow Jones Industrial Average closed up 0.2% on Wednesday. The S & P 500 added 0.2% and the Nasdaq has changed little.
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6. Earnings and economy: Domino's Pizza (DPZ), Hormel Foods (HRL) and Wendy (MAGNIFYING GLASS) will publish earnings before the opening. (BIDU), Caesars Entertainment (CZR), Hewlett Packard Enterprise (HPE), RE / MAX Holdings (RMAX), Roku (ROKU) and (STMP) are defined to publish the results after closing.

The report on existing home sales in the United States for January will be released at 10 am Eastern Time.

Actions in Lenovo (LNVGF) jumped nearly 12% in Hong Kong after the Chinese tech company exceeded its earnings guidance. Its smartphone business made a profit for the first time since acquiring Motorola's mobile phone division five years ago.
7. Coming this week:
Thursday – Deutsche Telekom (DTEGY), Barclays (BCS), Baidu (BIDU), Domino's and Wendy's report results
Friday – Berkshire Hathaway (BRKA) earnings


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