Business 21 February 2019 Share this with Facebook Share this with Messenger Share this with Twitter Share this with Email Share this with Facebook Share this with WhatsApp Share this with Messenger Share this with Twitter Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link https://www.bbc.com/news/business-47319533 Read more about sharing. These are external links and will open in a new window Close share panel Related TopicsBrexit The UK won't be able to roll over an EU trade deal with Japan in time for a no-deal Brexit, Trade Secretary … [Read more...] about Japan trade deal will be late, says Fox
Global trade deal
BRUSSELS (Reuters) - European Union and Japanese plans to form the world’s largest free trade area cleared a significant hurdle on Monday when EU lawmakers specializing in trade backed a deal that could enter force next year. FILE PHOTO - Japan's Prime Minister Shinzo Abe (R) is welcomed by European Council President Donald Tusk at the start of a European Union-Japan summit in Brussels, Belgium July 6, 2017. REUTERS/Yves Herman The European Parliament’s international trade committee voted 25 in favor to 10 against to clear the deal for a final vote in the parliament’s full chamber set for December 13. An agreement would bind two economies accounting for about a third of global gross domestic product and also signal their rejection of protectionism. Both have faced trade tensions with Washington and remain subject to U.S. tariffs imposed by President Donald Trump on imports of steel and aluminum. Japan had been part of the 12-nation Trans-Pacific … [Read more...] about EU-Japan trade deal clears hurdle on way to 2019 start
Stocks are poised to move higher on Friday after President Donald Trump said he spoke with China's Xi Jinping and that discussions are "moving along nicely," boosting Wall Street's hopes the two economic powers may resolve their trade dispute. Futures contracts for the Dow Jones Industrial Average rose more than 300 points before the stock market begins trading at 9:30 a.m. E.T., while futures for the S&P 500 and Nasdaq indexes also pointed to gains. Global stocks rose on hopes of a trade deal, with markets in Europe and Asia gaining ground. Hong Kong's Hang Seng index jumped 4.2 percent, while the Shanghai Composite index added 2.7 percent. Mr. Trump has asked U.S. officials to start drafting potential terms for a new trade agreement with China, with the president aiming to reach a new pact while at the Group of 20 nations summit in Argentina later in November, reports Bloomberg News. Trade tensions have weighed on investor sentiment because the Trump administration's … [Read more...] about Stock market today: Hope for U.S.-China trade deal sends shares higher-11-2-18
MSCI's broadest index of Asia-Pacific shares outside Japan jumped 2.7pc to hit its highest level since October 10. It is up 6.4pc on the week, on course to mark its best weekly performance in three years. South Korea's Kospi gained 3.5pc, the biggest gains in almost seven years, while Hong Kong's Hang Seng jumped 3.6pc. "Asia is the most sensitive to trade wars so Asian shares naturally have the most to gain from the prospects of a trade deal," said Makoto Sakuma, researcher at NLI Research Institute in Tokyo. Japan's Nikkei stock index rose 2.6pc higher while US S&P500 e-mini futures rose 0.7pc. European stocks are expected to follow suit, with financial spread-betters seeing Britain's FTSE rising 0.9pc and France's CAC and Germany's DAX 1pc each. Chinese shares surged and the yuan firmed. Chinese blue-chips gained 3.3pc, and its start-up board added 4.5pc, also buoyed by President Xi's pledge on Thursday of more support for private firms. MSCI China gained 7.9pc so far this, … [Read more...] about Shares rally, dollar eases as Trump report fans US-China trade deal hopes
British manufacturing output fell to its lowest level in more than two years last month, missing expectations as Brexit uncertainty and global trade tensions took a toll. The latest manufacturing purchasing managers’ index (PMI) from Markit/CIPS showed a reading of 51.1 for October, down from 53.6 in September, and well below forecasts of 53. Samuel Tombs, chief UK economist at Pantheon Macroeconomics, said: “Manufacturers are at the sharp end of the slowdown in global trade and the increasing reluctance of European customers to source components for Britain, given the risk that supply chains might fail in the event of a no-deal Brexit.” Rob Dobson, director at IHS Markit, which compiles the survey, said: "October saw a worrying turnaround in the performance of the UK manufacturing sector. At current levels, the survey indicates that factory output could contract in the fourth quarter, dropping by 0.2 per cent. "New orders and employment both fell for the first time … [Read more...] about UK manufacturing output slumps to two-year low in wake of Brexit fears and global trade tensions ?