US: Donald Trump to issue veto for border funding

The US President Donald Trump has issued the first veto to protect his emergency declaration for border wall funding, Bloomberg reported today evening. Last year the US goverment had shutdowns because of the US-Mexican border security and the lack of funding.

The stock markets were up in Friday trading and S&P 500 -index was up 0,41 % to 2820 points, Dow Jones 0,54 % to 25848 points and Nasdaq 0,76 % to 7688 points.

Euro was up 0,15 % to 1,132 dollars and the UK sterling 0,35 % to 1,3288 dollars. The US-dollar was down 0,18 % to 111,50 yens.



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Brexit: Third vote of May´s deal is an option – Tusk urges long delay if needed

The Thrusday trading day has been very intense when it comes to Brexit. The UK Cabinet announced during the day that Prime Minister Theresa May´s Brexit-deal might have a third vote next week Thursday if the Cabinet find it wortwhile.

According to the Cabinet, the Prime Minister will ask for short delay for the Brexit, if the deal is approved by March 20. If the deal is not approved by that, it will require longer time.

The EU President of the European Council  Donald Tusk tweeted today, that he will ask the EU leaders to be open for a long extension of the Arcticle 50 and delay of Brexit.

The EU elections at the end of May might have their impact to the timetable. If the delay is a longer one, it would mean that the UK will be participating the elections as well.

The US President Donald Trump said today that he is looking for a large-scale bilateral trade deal with EU after the Brexit time.

The stock markets have been steady with little positive trend in the largest exhanges in Europe. In Frankfurt the DAX was up 0,28 %, in Paris the CAC was up 0,64 % and in London the FTSE was up 0,68 %.

The UK sterling was down 0,52 % to 1,3269 dollars and euro down 0,19 % to 1,130 dollars. The US-dollar was up against Japanese yen with 0,40 % to 111,61 yens and against Canadian dollars by 0,29%.

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Markets ended up on Monday trading

The stock markets ended up on Monday trading in Wall Street. The markets got the positive spirit from the outlook of the US China trade talks. the US President Donald Trump tweeted on Sunday that he will extend the tariffs deadline with China.

In China the stocks jumped over 5 % of the news that US is postponing the tariffs deadline on March 1st. In Europe the growth was milder.

Dow Jones ended up 0,23 % to 26091 points on Monday, S&P 500 index ended up 0,12 % to 2796 points and tech-index Nasdaq ended up 0,36 % to 7554 points.

In Europe the stocks did not rally that much than in the Asia and in Paris the CAC 40 -index ended up 0, 31 % to 5231 points and in Frankfurt the DAX-index was up 0,42 % to 11505 points.

In China, the Shanghai index ended up 5,60 % to 2961 points and CSI-index 5,95 % to 3729 points. In Hong Kong the HangSeng index ended up 0,50 % to 28959 points and in Tokyo the Nikkei-index ended up 0,48 % to 21 528 points.

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Trump will delay the China trade tariffs deadline

The US President Donald Trump said on Sunday, that US will delay the China trade tariffs increase. According to him the trade talks have been productive.

-I will be delaying the US increase in tariffs for March 1. Assuming both sides make additional progress, we will be planning a Summit for President Xi and myself at Mar-a-Lago to conclude an agreement, he said in a Twitter tweet.

This was a relief for many stock market traders and the Asian stocks climed and the Chinese yuan rose against dollar during the trading day. The Japanese yen was little changed at 110,62 dollars.

The stock markets in Shanghai were up by 3,32 % to 3034 points and CSI-index by 3,55 % to 3644 points. HangSeng in HongKong was up 0,25 % to 28 888 points and the Nikkei 225-index was up 0,47 % to 21 525 points in Tokyo. The South Kospi-index was down 0,01 % to 2230 points.

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China´s Xi Jinping: Focus on stable development

Chinese President Xi Jinping said that the country need to focus on stable economic and financial development according to news agency Xinhua on Saturday.

– It is necessary to focus on preventing risks on the basis of steady growth, while strengthening the countercyclical adjustment of fiscal policy and monetary policy and ensuring that the ecnomomy operates in a reasonable range, Xi said.

According to President Xi, preventing and resolving financial risks, especially systemic financial risks, is a fundamental task, the Xinhua reported.

One of the biggest issues lately has also been the US China trade talks. According to Reuters, the country negotiators met also on Saturday to reach the agreement and trying to prevent the escalation of the trade tariffs.

According to US President Donald Trump and US Treasury Secretary Steven Mnuchin the countries have reached an understanding of the currency issues. The US have argued long time that China´s yuan is undervalued and thus giving trade advantage and partly offsetting the US tariffs. No more information was given about the currency agreement.

It is expected that the President Xi Jinping and Donald Trump would meet next time in March in Florida.

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Brexit: Defeat today in the UK – markets mixed

New Brexit-defeat was today in the UK Parliament, when the MPs voted by 303-258 to reject the UK Goverment´s motion. This means that the Parliament has voted no to the Goverment´s plan to renegotiate the Irish border backstop.

The UK is planning to leave the EU on the 29th March 2019 and the next EU leaders summit will be on the 21st March. It was planned that UK PM Theresa May would  have tried to renegotiate the Irish Border issue with the EU collaques before the EU Summit. According to Prime Minister´s office, the target is still the same, to get a new agreement regarding the backstop.

In the City of London, the FTSE- index was quite stable and gained 0,09% to 7197 points. In Germany, the DAX-index declined by 0,69 % to 11 089 points and in France the CAC40 -index lost 0,23 % to 5062 points.

In Wall Street the financial markets were mixed, while the Dow Jones as down 0,13 % to 25511 points and S&P 500 -index -0,09 % to 2750 points. The Nasdaq was up 0,24 % to 7438 points.

In Asia the stocks ended by 0,23 % decline in HongKong and HangSeng- index was 28 432 points. In Tokyo the Nikkei-index ended down 0,02 % to 21139 points.

According to Bloomberg, the US President Donald Trump is ready to sign a compromise spending legislation that would avoid goverment shutdown and on the other hand would get funding for a border wall. The US-China trade talks are going “very well” and goverment spokesman said that the US President is considering delaying the possible tariffs by 60 days to get the deal done.

The trade negotiations have been led by the US Treasury Secretary Steven Mnuchin and his Chinese collaque Vice Premier Liu He.

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Wall Street slightly mixed – trade talks to continue

The financial markets were slightly mixed in Wall Street on Friday. The US-China trade talks made  progress and president Donald Trump made a statement that the deal might be done by March 1st. Also the macrodata from US jobs lifted the markets.

Dow Jones -index ended up  0,26 % to 25063  points, the S&P 500 -index ended up 0,09 % to 2706 points and the Nasdaq-tech index ended down by 0,25 % to 7263 points for the week.

According to Xinhua News Agency, China agreed to buy more US goods, including agriculture products, but also the talks included some agreements about IP rights. The talks will continue in China for the next round in mid-February and the US-China Presidents´summit might take place before the March time according to Bloomberg. The Chinese markets will be closed during next week due to the New Year´s holidays.

In the UK, the Brexit situation with extending time period got new supporters. The UK Chancellor of the Exchequer Philip Hammond said that he excepts the delay of the exit-day if needed.

– If we do get the deal and we need a little bit more time to put all the legislation and so on in place then I’m sure everybody on both sides will take a reasonable approach to that,” Hammond said in an interview with ITV News according to Bloomberg.

The stocks in London ended up and FTSE 100 -index gained 0,69% to 3851 points. Also the markets in Germany and in France were positive and the CAC 40-index  ended up 0,51 % to 3911 points and the DAX-index 0,13 % to 11 180 points.

Oil gained nearly 3 % and a barrel was traded at 55,37 dollars. Energy sector was one of the leaders for the Friday trading.

Euro was trading quite firmly against dollar at 1,1456, up 0,07 %, but the UK sterling was down 0,23 % to 1,30 dollars.

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