SINGAPORE - Oil prices eased on Monday as scant details on the first phase of a trade deal between the United States and China undercut last week’s optimism over a U.S.-Sino thaw that helped to lift crude markets by 2% at the end of last week.
“Oil is slowly giving up its recent gains as mini-trade deal scepticism is growing,” Edward Moya, senior market analyst at OANDA, said in an email. The trade war has pressured China’s trade, with its exports to the United States falling 10.7% from a year earlier in dollar terms over January-September, Chinese customs spokesman Li Kuiwen told reporters.
Not good for all.
“Since it will take about a month to finalize this partial deal, traders are remembering that we have seen things fall apart in shorter time periods,' Moya said.” Same Old Same Old 🤔
Wow
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil prices edge up, supported by Iran ship attack, U.S.-China trade detenteOil prices were little changed on Monday, holding onto 2% gains from Friday amid... Thanks for the information Our mission at is to build the social media platform that ends fake news Huh ? On my terminal it’s down 0.46 % ...
Source: Reuters - 🏆 2. / 97 Read more »
Next recession: Why it's still likely despite US-China trade agreement - Business InsiderInvestors are underestimating the severity of the US-China conflict and how it might lead to a recession, according to Lazard Asset Management. Life is full of cycles, day and night, love and hate, birth and death, sunny and cloudy, ups and downs, summer and winter, wet and dry, win and loose, now if we can only teach that to all the educated idiots, what a wonderful world it would be! ENJOY!
Source: BusinessInsider - 🏆 729. / 51 Read more »
China Emerges With Wins From U.S. Trade TruceThe U.S. shelved new tariffs against China while leaving many demands to be worked out later. The truce opens an opportunity for Beijing to kick concessions that it doesn’t want to make, down the road. Are We winning yet? Of course, China wins! Trump wants dirt manufactured on the Bidens and for that, he made a 'trade deal'. Besides that, Trump adores dictators as he strives to be one! Tis the season for rolling Trump
Source: WSJ - 🏆 98. / 63 Read more »
European stocks seen slightly lower as weak China data caps trade gainsEuropean stocks were expected to open slightly lower Monday with weak data out of China looking set to slow Friday's surge on the back of a partial trade accord between Washington and Beijing.
Source: CNBC - 🏆 12. / 72 Read more »
U.S.-China trade deal augurs modest peace dividendDonald Trump says a partial pact with Beijing includes up to $50 bln in agricultural purchases. Key issues like IP theft are up in the air, though. And many companies have already begun the pricey process of upending supply chains. Any spoils of war will fall short of the costs.
Source: Breakingviews - 🏆 470. / 51 Read more »
US futures point to higher open after US-China reach partial trade dealU.S. stock index futures were slightly higher Monday morning, after the U.S. agreed to suspend its next tariff increase on Chinese imports. Bored now .. Partial deal. 😂
Source: CNBC - 🏆 12. / 72 Read more »