From reuters.com China’s exports to the United States fell 10.7% from a year earlier in dollar terms in January-September, while U.S. imports dropped 26.4% during that period, a Chinese customs spokesman said on Monday. Trade frictions with the United States have led to some pressure on Chinese trade, although the latest Sino-U.S. trade talks have yielded favorable outcomes in some areas, customs spokesman Li Kuiwen told reporters.
The UK is willing to make concessions to its plans for the Northern Ireland border after Brexit but "a big gap" remains over customs arrangements, EU ambassadors have been told. In a briefing on UK-EU weekend talks on a Brexit deal, EU chief negotiator Michel Barnier said UK plans on the tracking of goods were unacceptable. Earlier, Boris Johnson told his cabinet "significant work" was still needed. It comes as his government's agenda is to be set out in the Queen's Speech. Plans for life after Brexit, crime prevention and ending rail franchises are all expected to be outlined by in [...]
How long do you plan to hold your position? This is one the fundamental questions a trader needs to ask before diving into the markets. If you're a short-term trader, the temptation to cling to a position long after the signals change is strong. That devil on your shoulder assures you that this is all going to work out—just let it ride! Congratulations! You have now become an unintentional swing trader. There's nothing inherently wrong with this, but it's important to know the differences between trading in the short term (day trading) versus trading in the medium-to-long term (swing trading). Neither [...]
The conclusion of US-China trade talks on Friday left the markets somewhat disappointed as the S&P 500 trimmed upside progress. In particular, the MSCI Emerging Markets Index closed near its upside gap. Something to keep in mind of heading into these discussion was that markets spent the past 48 hours rallying in anticipation. Thus, investors needed further upside surprise to fuel their risk appetite. In short, there was a partial deal reached between the two economic powerhouses, but a full one will have to wait. This does mean that the US will withhold from raising tariffs against China this week by [...]
A breakthrough in the Brexit talks has failed to materialise after a weekend of intensive negotiations, with European Union capitals concluding that it may now be impossible for the UK to leave the EU by 31 October with a deal. In a briefing to EU ambassadors on Sunday evening, the EU’s chief negotiator, Michel Barnier, raised the prospect of the talks having to continue after the forthcoming leaders’ summit on Thursday, such was the lack of progress. Barnier told diplomats for the member states that the latest British customs proposals for the Irish border remained an “untested” risk that the bloc [...]