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Negotiations between the US and China, currencies in focus



Accommodation on Wall Street rose the shares. The Dow Jones Industrial Average received 91.87 points to 25.717.46 and S & P 500 increased 0.4 percent to 2.815.44 – on the track for its best results in the first quarter since 1998. Nasdaq Composite rose 0.3 percent to 7.669.17.

Movements stateside came after a Reuters report that Chinese officials have made outstanding offerings of forced technology transfer as well as other key points when US trade representative Robert Lighthizer and State Secretary Steven Mnuchin arrived in Beijing for further negotiations.

The trade between the two economic power plants has been closely monitored by investors, among other things by raising concerns about an economic downturn as the bond market flashes, signals that a recession could come soon.

The 1

0-year state tax rate hit its lowest level since December 2017 on Thursday. This comes after the same bond fell below three months of counterparty last week – a phenomenon described as a reverse yield curve, seen as an early indicator of a recession.

The US dollar index, which tracks the greenback against a basket with its peers, was 97,220 after rising from low below 97.0 yesterday.

The Australian dollar was at $ 0.7083 after depreciation from the $ 0.71 handle in the previous session.

Morning oil prices in Asian trading hours, as International benchmark index Burned crude futures increased 0.35 percent to $ 68.06 per barrel. US raw futures also increased 0.4 percent to $ 59.54 a barrel.

– CNBC's Fred Imbert contributed to this report.


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