China trade negotiations enter tense new phase

China trade negotiations enter tense new phase

China trade negotiations enter tense new phase

Leading the most actives were Advanced Micro Devices (AMD), Bank of America (BAC) and Apple (AAPL), which rose following the U.S. Supreme Court's decision not to hear an appeal in the University of Wisconsin's claim the iPhone-maker appropriated technology incorporated in the 5s, 6 and 6 Plus without permission.

Eastern time. The Dow Jones Industrial Average slid 37 points, or 0.1%, to 26,536.

US stock futures fell, the yen edged up and the yuan slipped in early trading Monday after a report that China may be increasingly reluctant to agree to a broad trade deal with the Trump administration.

USA futures pointed to early losses with the contract for the Dow Jones industrial average down 0.2% to 26,482.

Worries about political instability in Hong Kong could hurt market sentiment after China's army took the unusual step of issuing warnings to anti-government protesters in Hong Kong over the weekend.

USA and Chinese deputy trade negotiators launched a new round of talks on Monday aimed at resolving the two nations' 15-month trade war, with neither side showing any signs of giving ground.

Markets in Asia had a muted reaction to the USA nonfarm payrolls data released last Friday.

In recent weeks, the US-China trade situation has become more complicated due to an impeachment inquiry by US Democrats, who are probing a request by US President Donald Trump that Ukraine investigate business dealings by the son of Democratic presidential candidate Joe Biden.

Futures on the S&P 500 Index were down 0.4% as of 9:10 Tokyo.

The good news is the jobs report helped erase some of the bearishness surrounding the US economy after weaker-than-expected manufacturing and non-manufacturing PMI last week helped fan the flames of recession.

Japan's benchmark Nikkei 225 shed 0.2% to finish at 21,375.25. "What we're carrying out is we are negotiating a extremely hard offer".

National Economic Council Director Larry Kudlow on making a trade deal with China.

Washington and Beijing are owing to keep on increasing tariffs on every single other's exports through the stop of the year, having said that.

The European Union and Ireland said last week that the proposals were unlikely to yield a deal. "If the offer is not going to be 100 percent for us we usually are not heading to make it".

"Markets have a bit of a risk-off tone today, and risk-off is generally dollar positive", Stephen Gallo, head of FX at BMO Capital Markets, said, though he noted the dollar faced short-term headwinds.

The British pound was off 0.28% at $1.23 while the euro dipped 0.04% to $1.0976.

That report knocked down the United States dollar against the yen during thin early Monday trade to as low as 106.55 yen.

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