Business Maverick: Monday April 8: Five Things You Need to Know to Start Your Day

Trade Deal CloserPresident Trump’s top economic adviser, Larry Kudlow, told CBS on Sunday that the U.S. and China are “closer and closer” to a trade deal, and that top-tier officials would be talking again this week via “a lot of teleconferencing.” China’s state-run Xinhua news agency earlier reported that progress was made during talks in Washington that ended Friday, though “the remaining issues are all hard nuts to crack.

Libya Has Oil Markets on EdgeLibya’s internationally-recognized government said it would start a counterattack to clear the OPEC member of forces loyal to strongman Khalifa Haftar, escalating a standoff that has the potential to rattle global oil markets. At least 35 people have been killed since the middle of last week when clashes broke out near the capital, Tripoli.

Market OpenAsian equity futures are higher on Monday morning after U.S. stocks ended last week up on a strong jobs report and President Donald Trump’s call for the Federal Reserve to cut rates. Treasuries rose Friday, with 10-year yields down two basis points. Oil jumped and gold was little changed. The Australian and New Zealand dollars, and the yen were all basically flat. Ahead this week, apart from waiting for a trade deal, European Union leaders meet to decide what to do about the U.K.

China’s Gold RushChina expanded its gold reserves for the fourth straight month, adding to optimism that central banks globally will continue to build holdings. The People’s Bank of China raised reserves to 60.62 million ounces in March from 60.26 million a month earlier, according to data on its website. In tonnage terms, last month’s inflow was 11.2 tons, following the addition of 9.95 tons in February, 11.8 tons in January and 9.95 tons in December.

Indonesia Presidential Race Heats UpIndonesian presidential candidate Prabowo Subianto called for change in a rally Sunday, talking down the government’s economic performance as competition heats up ahead of an election next week. Indonesia goes to the polls on April 17 in a contest that pits the incumbent Joko Widodo against the contender with the economy being the focal point in the race. The latest polls have Widodo on track to win, though Prabowo has closed the gap in recent weeks.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Business Maverick: Tuesday April 2: Five Things You Need to Know to Start Your DayEurope is questioning Chinese trade in the wake of Xi’s visit, U.S. stocks rallied after stronger factory data out of China and the U.K. Parliament fails to find a Plan B for Brexit. Here are some of the things people in markets are talking about.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Friday, April 4: Five Things You Need to Know to Start Your DayThe U.K. Parliament blocks a no-deal Brexit, while Chinese and American trade negotiators meet in Washington. Here are some of the things people in markets are talking about Friday? Thursday April 4th 😮
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Friday, April 5: Five Things You Need to Know to Start Your DayTrade deal gets closer, some small progress on Brexit, and more bad news for German manufacturing. Here are some of the things people in markets are talking about today.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Monday: Five Things You Need to Know to Start Your DayA ray of hope for the global economy from data showing a rebound in Chinese factory output, Turkish election goes down to the wire, and the U.S. jobs report will be watched for signs the bond rally is justified. Here’s what’s moving markets.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Wednesday, April3: Five Things You Need to Know to Start Your DayThe IMF warns about the global economy, Australia’s government delivers a pre-election cash-splash budget and May seeks to break the Brexit “logjam.” Here are some of the things people in markets are talking about.
Source: dailymaverick - 🏆 3. / 84 Read more »

BUSINESS MAVERICK: The curious duality of SA’s first business quarterThe Johannesburg Stock Exchange is up as the curtain closes on the first quarter of 2019, which will cheer the bruised bank accounts of SA’s investors. It’s been a rising quarter, but also, weirdly, a bit of a calamity. Welcome to the strange world of the JSE, circa 2019.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Moody’s Hands S. Africa’s Ramaphosa Lifeline as Markets RallyIt was case of speaking softly and carrying a big stick. Moody’s Investors Service’s brief comment on South Africa’s credit rating sparked the rand’s strongest rally in five months on Monday and drove government bond yields to the lowest since May.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: U.K. Firms Least Likely to Invest in Eight Years as Brexit BitesInvestment intentions among U.K. firms slumped to the lowest in eight years, just one of the measures of economic health that weakened “considerably” amid recent Brexit turmoil, according to the British Chambers of Commerce.
Source: dailymaverick - 🏆 3. / 84 Read more »