Showing posts with the label EU - FX.
Elliot Smith, Ryan Browne 3minutes - Source: CNBC European markets closed higher on Wednesday, as investors tracked positive mood music around U.S.-China trade talks and promising consumer confidence figures out of France. TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME FTSE FTSE 100 FTSE 7429.78 26.64 0.36 626246667 DAX DAX DAX 13287.07 50.65 0.38 67304331 CAC CAC CAC 5926.84 -2.78 -0.05 68032226 The pan-European Stoxx 600 came down off the day’s peak to end the session 0.3% higher, having earlier hit a four-year high. Telecoms led the way with a gain of 1% while oil and gas stocks slid 0.3% lower. President Donald Trump on Tuesday said that Washington and Beijing were in the “final throes” of talks aimed at securing a trade deal, though the U.S. leader also expressed his administration’s support for protesters in Hong Kong, a particularly thorny issue for China at the moment. Stocks on Wall Street were mostly higher on
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3-4 minutos - Source: CNBC Background of U.S. dollar bills. Alena Vikhareva | iStock | Getty Images A telephone call between top U.S. and Chinese trade negotiators lifted the dollar to a two-week high against the yen while China’s yuan edged up on Tuesday, due to optimism that the two sides will soon agree an interim deal to halt their trade war. Chinese Vice Premier Liu He, U.S. Trade representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin discussed issues related to a “phase one” trade agreement and agreed to maintain communication on remaining issues. The dollar rose as high as 109.205 yen , its strongest in two weeks, before settling back at 109.01 yen to show a gain of 0.1% from the previous close. The yuan also rose to 7.240 to the dollar, about 0.15% higher than the previous close. “It wasn’t like they agreed to the phase one deal. They just agreed to continue their talk. So some people appeared to have be
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3minutos - Source: CNBC A staff member counts money at a branch of Industrial and Commercial Bank of China on August 10, 2011 in China. ChinaFotoPress | Getty Images The dollar was lower on Friday morning in the North American session as some optimism for the ongoing trade talks with China bolstered trade-linked currencies like the euro and the British pound. Hopes that the United States and China may soon end their trade war after White House economic advisor Larry Kudlow said a deal was “getting close” lifted trade-exposed currencies on Friday at the expense of safe-haven assets such as the Japanese yen. Given the lack of concrete detail in Kudlow’s comments, however, markets mostly stayed cautious. “To be blunt, such rhetoric is more or less the same as Steven Mnuchin (who) said months ago that a deal was ’99% done’,” Commerzbank analysts wrote in a note to clients, though they acknowledged the comments had benefited sentiment. T