Trump’s Thursday Twitter post is evidence of that, Lanhee Chen, a research fellow at the Hoover Institution, told CNBC on Friday. In fact, he said, the tweet — about a “long and very good conversation” with China’s president — is one of several “smoke signals” that show the White House truly hopes to resolve its ongoing dispute with the world’s second-largest economy.
business
Breaking News – China Reports Lower Than Expected Manufacturing Growth in October
China reported slower manufacturing growth in October for the second straight month as the country’s trade war dispute with the U.S. continues.
Why Central Bank Buying Has the Gold Market Guessing
The gold market was caught by surprise when two of eastern Europe’s biggest economies, Poland and Hungary, made rare purchases in recent months. Why central banks buy gold is often a major topic of market speculation. Were Poland and Hungary signaling worries about economic conditions? Were they cutting exposure to the dollar? Or maybe hedging against potential European Union sanctions?
U.S. Plans More China Tariffs If Trump-Xi Meeting Fails, Sources Say
The United States is preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between presidents Donald Trump and Xi Jinping fail to ease the trade war.
Draghi: Central bank Independence
Advanced economies are now emerging from the aftermath of the great financial crisis. Despite facing the largest shock in the postwar period, central banks have succeeded in maintaining price stability and fulfilling their mandates.
China Tells State-Owned Giants to Halt Iran Oil Buying
China’s government has told at least two of its state oil companies to avoid purchasing Iranian oil as the U.S. prepares to impose sanctions on the Persian Gulf state, according to people with knowledge of the matter.
ECB’s Draghi Speaks After Central Bank Leaves Rates Unchanged
European Central Bank President Mario Draghi is speaking at a press conference Thursday following the institution’s decision to leave its benchmark interest rate unchanged.
ECB’s Draghi says incoming data has been weaker than expected
Draghi: Significant stimulus still needed for inflation
Draghi says ECB ready to adjust all instruments as appropriate
Central Banks to Increase Gold Buying for First Time Since 2013
Central banks are set to increase their purchases of gold in 2018 for the first time in five years as eastern European and Asian countries seek to diversify their reserves.
Spot WTI Crude Technical Analysis October 24, 2018
Crude oil suffered heavy losses in the previous day and closed near the day low. The sudden bearish breakout turns the trend into bearish. Fortunately, no lower low printed on weekly basis, the price needs to move below $64.40 to print a lower low.