Stocks drift higher as U.S.-China trade talks intensify

Stocks opened slightly higher at the start of trade Thursday, as investors continue to watch trade talks between the U.S. and China.

In a tweet Thursday morning, Trump, while taking yet another swipe at the Federal Reserve for raising rates last year, said the China talks were “moving along nicely.” At the same time, there are reportedly major hurdles to be overcome regarding U.S. desires to maintain some tariffs on Chinese goods, as a means to ensure Chinese adherence to the deal.

Shares of Office Depot Inc. ODP, -17.11% were down 16%, after the office-supplies retailer reported preliminary first-quarter results. What are the analysts and traders saying? “US-China trade talks are in the spotlight again this morning as the President is set to meet with the Chinese Vice Premier shortly after the close this afternoon, and he just tweeted that talks are ‘moving along nicely’- a phrase we have been hearing for months now,” Paul Hickey, co-founder of Bespoke Investment Group wrote in a Thursday morning note to clients.

The main event on the economic calendar comes Friday, with the release of the March employment report. Economists surveyed by MarketWatch forecast the U.S. economy added 179,000 jobs last month after a paltry 20,000 increase in nonfarm payrolls in February.New York Fed President John Williams told the Community Bankers Conference in New York that “With the economy running close to our dual mandate goals, monetary policy is in the right place.

...would love to take a ride on one of those across the Ocean... ...would be interesting to see how they keep it balanced, straight, and not tipping over...

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves premarket: Boeing, Wells Fargo, Lyft, Nio, Disney & moreSome of the names on the move ahead of the open.
Source: CNBC - 🏆 12. / 72 Read more »

Asia stocks set to gain as US-China trade talks resumeShares in Asia were poised to see opening gains on Friday morning as trade negotiations between the U.S. and China continue in Beijing. LOL... Again? How many times will they go up on the same BS? Why don't they include the ending of the torture of dogs and cats by the Chinese? Doesn't this rate as a good thing, an important one? EndYulinDogmeatFestival
Source: CNBC - 🏆 12. / 72 Read more »

Asian stocks gain on hopes of progress in U.S.-China trade talksAsian shares rose on Friday, led by a surge in Chinese equities, on hopes that W... Awesome Just hopes until hoples
Source: Reuters - 🏆 2. / 97 Read more »

Stocks open mixed as spotlight stays on U.S.-China trade talksU.S. stocks struggled for direction on Thursday as traders eyed trade developments as a Chinese delegation holds talks with U.S. negotiators in Washington....
Source: MarketWatch - 🏆 3. / 97 Read more »

European stocks seen mixed amid US-China trade talksEuropean stocks are set to open mixed Thursday as traders monitor ongoing U.S.-China trade talks. America is better than ever.
Source: CNBC - 🏆 12. / 72 Read more »

Asian stocks inch higher on hopes of progress in U.S.-China talksAsian shares posted narrow gains on Friday on revived hopes of progress in U.S.-... Actually...the US-China fight about the 5 G. (Huawei ). :) 八百長プロレスで希望をつなぎむまぁす！🤪🌀🖐 No deal possible due to Hauwei!
Source: Reuters - 🏆 2. / 97 Read more »

European stocks set to climb on US-China trade optimismEuropean shares are set to start Friday's session in positive territory, with investors hopeful of progress in U.S.-China trade talks.
Source: CNBC - 🏆 12. / 72 Read more »

Global stocks stall after Trump's tariffs block US-China trade deal progressThe first three days of the week saw strong gains for stocks around the world, but sentiment was more muted Thursday. こんばんは✨
Source: BusinessInsider - 🏆 729. / 51 Read more »