US Treasury Secretary denies any chance or a currency war
02:13, Jul 25, 2018
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Trump considers imposing additional tariffs on imported goods coming from China.
Meanwhile, the People's Bank of China injected 502 billion yuan into its market through a medium-term lending facility, giving Chinese lenders greater liquidity by letting them borrow from the central bank.
Around 1030 GMT, London's benchmark FTSE 100 index was up 0.8 percent compared with Monday's close.
Benchmark 10-year USA notes last fell 14/32 in price to yield 2.8968 percent, from 2.847 percent late on Thursday.
Trump's combative stance has compounded fears of an all-out trade and currency war, with the U.S. slapping tariffs on steel and aluminium from the EU, Canada and Mexico, in addition to levies on goods from China worth tens of billions of dollars. "The US is invoking this trade war", Chinese foreign ministry spokesperson Geng Shuang said.
The pan-European STOXX 600 index slumped 0.2 percent at 384.94 points, while the FTSEurofirst 300 index plunged 0.3 percent to 1,506.82 points.
If the onshore yuan finishes the late night session at the same level, it would have lost 0.36 percent against the dollar for the day.
"China, the European Union and others have been manipulating their currencies and interest rates lower, while the U.S. is raising rates while the dollars gets stronger and stronger with each passing day - taking away our big competitive edge".
MSCI's broadest index of Asia-Pacific shares outside Japan .miapj0000pus was up a touch waiting for other markets to open.
"Although US equities edged lower on Friday and the yen strengthened, most cross-asset moves are supportive of APAC [Asia-Pacific] equities - particularly dollar weakness, strength in emerging-markets FX, and a dramatic bear steepening of global yield curves".
The shift in focus toward easing also comes after the central bank in July released 700 billion yuan in liquidity by cutting some banks' reserve requirements, prompted by concerns over tighter cash conditions and a potential economic drag from the US trade dispute. Global benchmark Brent crude was trading 1.4 percent up at $73.97 per barrel by 1014 GMT, having hit a low of $71.19 on Wednesday, its lowest since April 17.
USA crude was last off 16 cents at $68.1 a barrel after posting its third straight weekly loss.
Roberto Perli, a partner at Cornerstone Macro LLC and a former Fed economist, says Trump's criticism of Fed rate hikes actually may have improved the likelihood that policy makers tighten as planned, to drive home their independence. Spot gold was barely changed at $1,230.82 an ounce. The BOJ, in turn, offered to buy an unlimited amount of five- to- 10-year Japanese government bonds on Monday.
European Union finance chief Pierre Moscovici warned that "further trade escalation conflicts would negatively affect" all the countries involved, the U.S. included.
Schroder, a speedy 6-foot-1 guard, averaged a career-high 19.4 points last season for the Hawks in 67 games, all starts. Moving Schroder from the team has been a top priority after the team drafted Trae Young with the #5 overall draft pick.
The UN, meanwhile, has called on Jordan to open its border to displaced Syrians - a request that Amman has so far refused. Hours later, state news agency SANA said troops captured Um al-Mayadeen after a battle with opposition fighters.
Antonov gave details of their discussions on arms control, but said the USA has been reluctant to back Russia's proposals so far. At first, Nielsen distinguished between efforts targeted at election infrastructure in the USA and other attempts to meddle.
Rocket sirens sounded in the southern Israeli city of Ashkelon on Wednesday were a false alarm, the Israeli military said. The Golan Heights have been occupied by Israel since the 1967 War, but the move was not recognized internationally.
The nonprofit insurer sued the government in 2016 claiming the risk adjustment program unfairly penalized smaller insurers. It discourages companies from trying to save money by cherry-picking the healthiest people and kicking others to the curb.
Williams will be seeking a record-equalling 24th Grand Slam title and her first since giving birth in September. Goerges, playing her first Slam semifinal, sent a forehand flying wide off the sidelines to concede serve.
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There's a lot of mutual respect". "At that time I didn't know him but now he's been playing for a year and a half". Martinez has succeeded where his predecessors failed by making the team greater than the sum of its parts.
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