قالب وردپرس درنا توس
Home / Business / Trade negotiations between the United States and China; VW warns about rates; Barclays and Brexit

Trade negotiations between the United States and China; VW warns about rates; Barclays and Brexit



Top dealers from the two countries will meet on Thursday in Washington, where they will attempt to close down issues, including China's currency and market access for US companies.

President Donald Trump has suggested that he is prepared to extend his self-imposed deadline if a deal is close. If he doesn't, tariffs of $ 250 billion of Chinese goods will go from 10% to 25% on March 2.

2. Another trade threat: Volkswagen ( VLKAF ) CEO Herbert Diess has warned of damage to the company from potential US tariffs on imported cars.

Diess told the Financial Times that he agreed with an analyst that import tariffs would cost Volkswagen $ 2.5 billion a year.

"In the worst case, it's likely to be close to the real figure," Diess said of the Evercore ISI estimate quoted by the Financial Times.

On Sunday, Trump was given the results of a survey of whether car and car imports threaten US security. He has 90 days to act on the report's findings.

He could decide to impose up to 25% tariffs on vehicle imports, which experts warn, would be very detrimental to companies in Europe and elsewhere.

"It gets excited," said the Diess newspaper. "You know it's a shame because we can't solve it from the automotive industry [alone]. There is more of a collective bargaining between Europe and the United States. "
3. Barclay's Earnings: Stocks of Barclays ( BCS ) jumped 3.6% after UK bank reported earnings that matched analysts' expectations and highlighted strong trading performance.

The company also said that Brexit's uncertainty had led to the exclusion of £ 1

50m ($ 196m) in the fourth quarter to cover any costs. 19659002] 4. Problems with Maersk: Shares in shipping giant Maersk fell almost 10% after the company announced that revenues for 2019 would not meet analysts' expectations.

Investors have looked at how the Danish company will be influenced by the global economic downturn and the trade war between the United States and China

The company issued warnings on both issues in an annual report published Thursday, which also referred to the risks from Brexit negotiations.

"The main risk for global demand for containers is related to a further cyclical slowdown of the world economy," the company said.

5. Global market overview: European markets were opened mixed after the trend in Asia
Dow Jones industrial average stopped at 0.2% on Wednesday, S & P 500 added 0.2%, and Nasdaq was slightly changed
Before Bell Newsletter: Key Market News In Your Inbox Subscribe Now!
6. Revenue and Economy: Domino's Pizza ( DPZ ) Hormel Foods ( HRL ) and Wendy s ( WEN ) will release earnings before the opening. BIDU )

] Caesars Entertainment ( CZR ) Hewlett Packaging Enterprise ( HPE ) RE / MAX Holdings ( RMAX ) Roku ROKU ) and Stamps.com [19659005] ( STMP ) is set to release earnings after the close.

The report on existing US homes Sale for January will be released at. 10.00 ET.

Stocks in Lenovo ( LNVGF ) jumped nearly 12% in Hong Kong after the Chinese technology business hit the performance expectations. Its smartphone business made a profit for the first time since it acquired Motorola's mobile division five years ago.
7. Comes this week:
Thursday – Deutsche Telekom ( DTEGY ) Barclays ( BCS ) Baidu ( BIDU ) Domino and Wendy's Report Income
Friday – Berkshire Hathaway ( BRKA ) ] Earnings

Source link