市场消息

Trump storms out of talks on shutdown, bemoans ‘total waste of time’

WASHINGTON (Reuters) – U.S. President Donald Trump stormed out of talks with Democratic congressional leaders on Wednesday over funding for a border wall with Mexico and reopening the government, complaining the meeting at the White House was “a total waste of time.”

On the 19th day of a partial government shutdown caused by the dispute over the wall, a short meeting that included Trump, House of Representatives Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer ended in acrimony with no sign of a resolution.

“Just left a meeting with Chuck and Nancy, a total waste of time,” Trump wrote on Twitter. “I asked what is going to happen in 30 days if I quickly open things up, are you going to approve Border Security which includes a Wall or Steel Barrier?” Trump wrote. “Nancy said, NO. I said bye-bye, nothing else works!”

The breakdown in talks could strengthen the possibility that Trump will declare a national emergency to build a wall on the southern border if no deal with Congress can be reached on his request for $5.7 billion for the project.

U.S.-China trade talks conclude as hopes of a deal build

BEIJING (Reuters) – Chinese and U.S. teams ended trade talks in Beijing on Wednesday that lasted longer than expected and officials said details will be released soon, raising hopes an all-out trade war that could badly disrupt the global economy can be avoided.

The talks were extended into an unscheduled third day, showing both sides were “serious”, China’s foreign ministry said.

Share prices jumped in Asia and markets in Europe and the United States were expected to follow suit as the longer talks fueled optimism that the world’s largest economies were inching toward an agreement.

As Brexit debate begins, PM fails to win over Northern Irish kingmakers

LONDON (Reuters) – British Prime Minister Theresa May failed to win over the Northern Irish party which props up her government to her Brexit deal on Wednesday, just hours before members of parliament were due to resume a debate on the divorce accord.

The future of Brexit remains deeply uncertain – with options ranging from a disorderly exit from the European Union to another membership referendum – because British lawmakers are expected on Jan. 15 to vote down the deal May struck with the EU in November.

May pulled a vote on the deal last month, admitting it would be defeated, and promised to seek “legal and political assurances” from the EU.

But the Northern Irish Democratic Unionist Party (DUP) said it would not support the deal unless May dropped a part known as the backstop which is aimed at preventing a hard border between the British province and EU-member Ireland if both sides fail to clinch a future trade deal.

“The only thing which could swing the DUP round is if the backstop as it applies to the United Kingdom as a whole or to Northern Ireland specifically were removed from this agreement,” said Sammy Wilson, the DUP’s Brexit spokesman.

Wilson, who is among 10 DUP MPs propping up May’s minority government, cast as “window dressing” her proposals to give the Northern Irish assembly the power to vote against new EU rules if the border backstop comes into force after Brexit.

Stocks Advance on Renewed Trade Hopes; Oil Climbs: Markets Wrap

Bloomberg – Stocks gained from Europe to Asia and U.S. futures rose on fresh hope for a breakthrough in the protectionist showdown between America and China. West Texas oil climbed above $50 and most industrial metals advanced after the Asian nation stepped up measures to spur consumption.

The Stoxx Europe 600 Index increased a second day led by miners and carmakers after Hong Kong stocks set the pace for Asian benchmarks. Futures on the S&P 500, Dow Jones and Nasdaq all extended gains, with U.S. President Donald Trump’s address to the nation on border security doing little to disrupt the risk-on mood. The dollar dipped and Treasuries were steady before the release of minutes from the Federal Reserve’s December meeting that may offer insight into the decision to raise interest rates in the face of plunging equities and pressure from Trump.

Developments in U.S.-China trade relations remain a focal point, with Trump reportedly eager to strike a deal to help revive the flagging stock rally he took credit for. While concerns linger about the impact of protectionist tensions on global growth, it sets up a potential Goldilocks scenario for markets after Fed Chairman Jerome Powell’s apparent dovish shift last week eased fears about tightening financial conditions.

House Democrats to test Republicans on Trump’s wall demand

WASHINGTON (Reuters) – As a partial U.S. government shutdown neared the three-week mark, Democrats on Wednesday were set to test Republicans’ resolve in backing President Donald Trump’s drive to build a wall on the border with Mexico, which has sparked an impasse over agency funding.

House of Representatives Speaker Nancy Pelosi and her fellow Democrats who took control of the chamber last week plan to advance a bill to immediately reopen the Treasury Department, the Securities and Exchange Commission and several other agencies that have been in partial shutdown mode since Dec. 22.

Democrats are eager to force Republicans to choose between funding the Treasury’s Internal Revenue Service – at a time when it should be gearing up to issue tax refunds to millions of Americans – and voting to keep it partially shuttered.

In a countermove, the Trump administration said on Tuesday that even without a new shot of funding, the IRS would somehow make sure those refund checks get sent.

In a nationally televised address on Tuesday night, Trump asked: “How much more American blood must be shed before Congress does its job?” referring to murders he said were committed by illegal immigrants.

Later in the day, Trump is scheduled to host bipartisan congressional leaders to see if they can break the deadlock. On Thursday, Trump travels to the border to highlight an immigration “crisis” that his base of conservative supporters wants him to address.

But so far, there have been few signs that either Trump or his Democratic opponents in Congress are moving toward a deal.

Trump Complains Again About Fed, Calling Rates ‘Rapidly Raised’

President Donald Trump renewed his complaints about Federal Reserve interest-rate increases, calling borrowing costs “rapidly raised” even though the central bank’s pace of hikes has been markedly slower than in previous decades.

“Economic numbers looking REALLY good. Can you imagine if I had long term ZERO interest rates to play with like the past administration, rather than the rapidly raised normalized rates we have today,” Trump tweeted on Tuesday morning. “That would have been SO EASY! Still, markets up BIG since 2016 Election!”

While U.S. stocks are still up since Trump’s election in November 2016, they’ve plunged from a record reached in September. Trump has repeatedly complained about the Fed’s rate hikes and sought to pin blame for stocks’ decline on the Fed and Chairman Jerome Powell, whom Trump has discussed firing, Bloomberg reported last month. Powell said last week that he wouldn’t resign if Trump asked him to.

UK, European officials discussing possible Brexit delay – Telegraph

LONDON (Reuters) – British and European officials are discussing the possibility of extending the formal exit process from the European Union amid fears a Brexit deal will not be approved by March 29, The Daily Telegraph reported, citing unidentified sources.

The Telegraph cited three unidentified EU sources as saying British officials had been “putting out feelers” and “testing the waters” on an extension of Article 50, a part of the Lisbon Treaty which sets out the conditions for leaving the EU.

Prime Minister Theresa May has repeatedly ruled out delaying Brexit, though she has also warned lawmakers that if they reject her deal then Brexit could be derailed or that the United Kingdom could leave without a deal.

“We are leaving the European Union on the 29th of March,” British Brexit Secretary Stephen Barclay said when asked about the Telegraph report. “We are not looking to extend.”

When asked directly if he denied the report, Barclay said: “Yes, because I can be very clear that the government’s policy is to leave on March 29.”

He added that extending the Article 50 exit process was not a unilateral decision for the United Kingdom. Extending would require the unanimous agreement of EU heads of state in the European Council.

EU leaders and officials have said over recent weeks that they would be open to extending the Brexit process if Britain asked – though have made clear that, so far, May has stuck to her position that she will seek no delay.

Trump to make case about U.S. border ‘crisis’ in address about wall

WASHINGTON (Reuters) – President Donald Trump will make his case to Americans on Tuesday that a “crisis” at the U.S. border with Mexico requires a wall in a prime-time address aimed at building support for a campaign promise that has sparked an 18-day government shutdown.

Trump’s Oval Office remarks, scheduled for 9 p.m. EST will be the president’s latest attempt to convince Democrats, not to mention furloughed government workers, to support his push for a steel barrier on the U.S. southern border that he says is needed to curb the flow of drugs and illegal immigration.

All the major U.S. television networks agreed to air Trump’s speech, prompting Democrats, who say a wall would be expensive, inefficient and immoral, to seek equal time.

U.S., China can reach trade deal ‘we can live with’: U.S. Commerce secretary

BEIJING/WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross predicted on Monday that Beijing and Washington could reach a trade deal that “we can live with” as dozens of officials from the world’s two largest economies resumed talks in a bid to end their trade dispute.

Ross told CNBC the immediate trade issues would be easiest to tackle while enforcement issues and structural reforms, such as intellectual property rights and market access, would be more challenging to resolve.

“I think there’s a very good chance that we will get a reasonable settlement that China can live with, that we can live with and that addresses all of the key issues,” Ross said in an interview with CNBC.

China’s Foreign Ministry said Beijing had the “good faith” to work with the United States to resolve trade frictions as Chinese officials met their U.S. counterparts in Beijing for the first face-to-face talks since U.S. President Donald Trump and Chinese President Xi Jinping agreed in December to a 90-day truce in a trade war that has roiled global markets.