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The White House also said the existing 10 percent tariffs on $200 billion worth of Chinese goods would be increased to 25 percent if no deal was reached within 90 days custom image cufflinks uk online. MSCI’s all-country world index .MIWD00000PUS climbed 0.25 percent, its sixth straight daily gain. The U.S. dollar fell broadly as currencies battered by trade tensions staged a comeback. [nL1N1Y81FY] ‘The G20, the dinner in particular, has ignited quite a robust risk rally and that’s coming at the dollar’s expense,’ said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington. China’s offshore yuan CNH= gained about 1 percent to 6.8796. The Australian dollar, viewed as a barometer of Chinese growth, was 0.5 percent higher against the greenback. The New Zealand dollar NZD= gained 0.6 percent, while the U.S. dollar lost 0.6 percent against the Canadian dollar CAD=..
Sterling gave up early gains and dived to its lowest since the end of October as investors dumped the currency on growing concerns about British parliamentary approval for a Brexit deal. “Until the British parliament votes on the deal next week we are going to see a steady drum beat of Brexit headlines, which is going to keep the pound weak,” Danske Bank strategist Morten Helt said custom image cufflinks uk online. Lawmakers are to vote Dec. 11 on Prime Minister Theresa May’s agreement on leaving the European Union..
U.S. Treasury yields rose after the trade deal, but they reversed course as risk appetite faded and investors bought safe-haven U.S. debt. Benchmark 10-year notes US10YT=RR last rose 13/32 in price to yield 2.9679 percent, from 3.013 percent. The 30-year bond US30YT=RR last rose 37/32 in price to yield 3.2511 percent, from 3.311 percent. Germany’s 10-year government bond, the benchmark for the euro area, initially rose four basis points to 0.347 percent DE10YT=RR, then eased to 0.3 percent custom image cufflinks uk online.
Yields on riskier southern European bonds were down across the board. Italian bond yields hit their lowest level in just over two months on reports that Rome was negotiating a lower budget deficit with the EU and on a new capital key from the European Central Bank. Oil prices got an extra boost as Canada’s Alberta province ordered a production cut, while OPEC and allied exporting countries looked set to reduce supply. U.S. crude oil futures settled at $52.95 per barrel, up 3.97 percent. Brent crude futures settled at $61.69 per barrel, up 3.75 percent custom image cufflinks uk online.
WASHINGTON (Reuters) – General Motors (GM.N) Chief Executive Mary Barra, facing growing criticism, will meet with Ohio’s two U.S custom image cufflinks uk online. senators on Wednesday about the Detroit automaker’s plans to idle five North American plants and cut up to 15,000 jobs. Senator Rob Portman, a Republican, and Sherrod Brown, a Democrat, said in a joint statement they will “press” GM to save the Lordstown, Ohio, plant in the northeast part of the state. The announcement came as the United Auto Workers union on Monday sent a letter to GM formally objecting to the decision to end production in 2019 at four U.S. plants, saying it violates commitments made during contract talks in 2015. The decision to close an assembly plant in Ohio has come under fire from President Donald Trump and others..