US President Donald Trump said on Monday (Nov 26) he expected to move ahead with raising tariffs on US$200 billion (S$275.05 billion) in Chinese imports to 25 per cent from the current 10 per cent and repeated his threat to slap tariffs on all remaining imports from China.
Trump is due to meet Putin on the sidelines of the G20 summit in Buenos Aires, which convenes on Friday and Saturday.
FBN's Kristina Partsinevelos on the state of the markets. "Combined with last week's harsh report from the U.S. trade representative, investors have only the flimsiest hope that the Trump-Xi meeting in Argentina will amount to more than a hill of soybeans".
Earlier today, China's Foreign Ministry spokesman Geng Shuang said that the US President Donald Trump and his Chinese counterpart Xi have agreed to reach mutually beneficial agreements. although these remarks boosted the market sentiment, Shuang clarified his statement by saying that he was referring to a phone call that took place between leaders on November 1.
The euro was down 0.2pc against the dollar at $1.1313.
Six quarters of miserable defense exposed Mountaineers in Big 12 race
Kyler Murray led the Sooners with 364 yards passing and 3 touchdown passes along with rushing for 114 yards and a rushing score. The Mountaineers were humming along early, driving 75 yards twice on nine and 10 plays, respectively, to set the early pace.
European markets opened subdued, but dipped as trading progressed.
The index that measures the dollar against a basket of other currencies was up 0.1 per cent.
The dollar index, which measures the dollar's value against six other major currencies, rose 0.2pc to 97.28, its highest level in nearly two weeks.
Jack Ma, the founder of Alibaba was outed by Chinese media, but the revelation shows how party loyalty trumps all with Xi Jinping's China.
The Federal Reserve should be even more attentive to new economic data as its gradual interest-rate hikes edge it ever closer to a neutral stance, Federal Reserve Vice Chair Richard Clarida said on Tuesday.
Gibraltar compromise clears the way for Brexit deal
The agreement says that Madrid will be given a say on matters concerning Gibraltar when it comes to future trade deals . His comments came as the Prime Minister travelled to Brussels with her Brexit deal under threat at home and overseas .
More than four years after he made that pronouncement about then-President Barack Obama to Fox News' Sean Hannity, Trump faces a similar dilemma as he prepares for a possible face-to-face meeting with Putin just days after Moscow dramatically escalated tensions with Ukraine and could push them farther still.
Trump had promised Cook that he would not place tariffs on Apple products, the New York Times reported in June, and Apple devices missed the first round of tariffs applied by the Trump administration in September, but the company's luck might not hold.
At 8:23 a.m. ET, Dow e-minis were down 112 points, or 0.46 percent. But losses were limited by expectations that crude exporters would agree to cut output at an upcoming OPEC meeting.
Brent crude futures rose US$1.68 to US$60.48 a barrel, while U.S. crude gained US$1.16 to US$51.58 a barrel.
Snow Storm Slams Midwest, Causes Thousands Of Flights To Be Canceled
Expect travel difficulties and whiteout conditions in some areas with gusty winds developing around the storm system. More outages will be possible as the storm intensifies through the afternoon, the National Weather Service warned.