Oil prices eased on Monday as scant details on the first phase of a trade deal b...
SINGAPORE - Oil prices eased on Monday as scant details on the first phase of a trade deal between the United States and China undercut last week’s optimism over a U.S.-Sino thaw that helped to lift crude markets by 2% at the end of last week.
“Oil is slowly giving up its recent gains as mini-trade deal scepticism is growing,” Edward Moya, senior market analyst at OANDA, said in an email. The trade war has pressured China’s trade, with its exports to the United States falling 10.7% from a year earlier in dollar terms over January-September, Chinese customs spokesman Li Kuiwen told reporters.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Oil prices edge up, supported by Iran ship attack, U.S.-China trade detenteOil prices were little changed on Monday, holding onto 2% gains from Friday amid...
Lire la suite »
Next recession: Why it's still likely despite US-China trade agreement - Business InsiderInvestors are underestimating the severity of the US-China conflict and how it might lead to a recession, according to Lazard Asset Management.
Lire la suite »
China Emerges With Wins From U.S. Trade TruceThe U.S. shelved new tariffs against China while leaving many demands to be worked out later. The truce opens an opportunity for Beijing to kick concessions that it doesn’t want to make, down the road.
Lire la suite »
European stocks seen slightly lower as weak China data caps trade gainsEuropean stocks were expected to open slightly lower Monday with weak data out of China looking set to slow Friday's surge on the back of a partial trade accord between Washington and Beijing.
Lire la suite »
U.S.-China trade deal augurs modest peace dividendDonald Trump says a partial pact with Beijing includes up to $50 bln in agricultural purchases. Key issues like IP theft are up in the air, though. And many companies have already begun the pricey process of upending supply chains. Any spoils of war will fall short of the costs.
Lire la suite »
US futures point to higher open after US-China reach partial trade dealU.S. stock index futures were slightly higher Monday morning, after the U.S. agreed to suspend its next tariff increase on Chinese imports.
Lire la suite »