Markets News 

Gold prices fall as easing trade worries lead to riskier bets

“Spot gold was down 0.1% at $1,473.88 per ounce, as of 0050 GMT. U.S. gold futures were down 0.2% at $1,478.60” reports cnbc.com. Gold prices inched lower on Monday as investors moved to riskier assets following the announcement of an interim deal between the United States and China that cooled a 17-month-old trade dispute. Elsewhere, palladium rose 0.6% to $1,941.09 an ounce, silver shed 0.1% to $16.92 per ounce, while platinum fell 0.2% to $926.08.People mining gold in a traditional way at a river dam in Sausi, Parigi Moutong in…

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Markets News 

Chinese yuan and Aussie dollar off four-month high, sterling ticks up

“The offshore yuan traded at 7.0026 yuan per dollar, slipping back from a four-month high of 6.9247 per dollar hit last week” reports cnbc.com. U.S. one-hundred dollar banknotes and Chinese one-hundred yuan banknotes are arranged for a photograph in Hong Kong on April 15, 2019.The Chinese yuan and the Australian dollar hovered below four-month highs touched last week in early Monday trade as investors pored over the U.S.-China trade deal, while sterling stayed strong after a decisive UK general election.The trade-sensitive Australian dollar fetched $0.6876, easing from Friday’s four-month high…

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News Oil Stocks 

Major Asia stocks mixed despite optimism with phase one US-China deal ‘totally done’

“Apple led Friday’s slight gains, rising 1.4% to a record after news of the trade agreement was announced” writes Weizhen Tan for cnbc.com. Markets in Asia were mixed in early trade on Monday, as trade optimism soared with China and the U.S. announcing they are finally set to sign off on a phase one trade agreement.U.S. Trade Representative Robert Lighthizer said on Sunday that the phase one U.S.-China trade deal reached on Friday is “totally done,” and it will nearly double U.S. exports to China over the next two years.U.S.…

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Trump said China would more than double its agricultural purchases from the US. Farmers are skeptical.

“In 2017, China imported roughly $24 billion worth of American agricultural products” writes Gina Heeb for businessinsider.com. As part of a so-called phase-one deal, the White House has said China would purchase a steep $50 billion worth of agricultural products from the US annually.American farmers welcomed the announcement of an interim trade agreement between the US and China on Friday. Source: businessinsider.com

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Lighthizer says phase-one trade deal is ‘totally done’ and will double exports to China in two years

“Liu He, China’s vice premier, right stands with Robert Lighthizer, U.S. trade representative, while arriving for a meeting at the Office of the U.S. Trade Representative in Washington, D.C., U.S., on Thursday, Oct. 10, 2019” writes Emma Newburger for cnbc.com. U.S. Trade Representative Robert Lighthizer said on Sunday that the phase one U.S.-China trade deal reached on Friday is “totally done,” and it will nearly double U.S. exports to China over the next two years.Keep in mind, by the second year, we will just about double exports of goods to…

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China’s next gambit to save its economy will export dystopia worldwide

“The push to develop this kind of technology has become more imperative as the Chinese economy has slowed in recent years” writes Linette Lopez for businessinsider.com. Because to fulfill its economic promises, China must export its methods of repression in Xinjiang to us, the rest of the world.”Xinjiang makes China 2025 look like ‘Black Mirror.’ It has tainted the Chinese technological brand.”. In it, he made no mention of surveillance or Xinjiang, of repression as a means of technological advancement. Source: businessinsider.com

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US-China phase-one trade deal reached, increasing Chinese exports from US

“The United States and China announced on Friday that they reached a phase-one trade deal” writes Mohamed Samir for dailynewssegypt.com. Robert Lighthizer, the United States trade representative, said that according to the new deal, the US will half its 15% tariff on about $120bn in Chinese goods. North Dakota, for example, sent about 70% of its soybeans to the Pacific Northwest, bound for Asian markets and primarily China, prior to the trade war.Ahead of the trade war, China imported just around $190bn of goods and services in 2017, consequently, if…

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China is cautiously welcoming the new ‘Phase One’ deal struck with the US, but the trade war is far from over

“China put a positive face Saturday on a first-step trade agreement that dials down a trade war it blames the US for starting” writes Associated Press for businessinsider.com. It added, though, that both countries are capable of prolonging the trade war, and that they must be willing to compromise if they want to resolve their differences through patient negotiations.Chinese experts and news media joined government officials in saying the deal would reduce uncertainty for companies, at least in the short term.The two countries announced a “Phase One” agreement Friday under…

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China welcomes preliminary deal in trade war it blames on U.S.

“China put a positive face Saturday on a first-step trade agreement that dials down a trade war it blames the U.S. for starting” writes Ken Moritsugu for latimes.com. Chinese experts and news media joined government officials in saying the deal would reduce uncertainty for companies, at least in the short term. It added, though, that both countries are capable of prolonging the trade war, and that they must be willing to compromise if they want to resolve their differences through patient negotiations. “Rome was not built in a day,” it…

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