China November exports unexpectedly fall, but imports rebound

The rise in Chinese imports marks the 1st year-on-year growth since April

Stock average futures turn positive after the Wall Street Journal reports that US and China trade negotiators are planning for a delay in the round of tariffs that were set to ratchet up on December 15.

The Dow Jones Industrial Average fell 47.52 points to 27,862.08 while the S&P 500 eased 3.07 points to 3,132.89 and the Nasdaq Composite Index slid 1.41 points to 8,620.42.

"A deal that is implementable must be concrete and detailed, which I don't think can be concluded within days of December 15", Renmin University Centre on American Studies Director and adviser to the Chinese government Shi Yinhong said, adding that "China is unlikely to give a specific commitment on how much US agricultural products it would buy".

U.S. President Donald Trump has days to decide whether to impose tariffs on almost $160 billion (£124.71 billion) in Chinese consumer goods just weeks before Christmas, a move that could be unwelcome in both the United States and China. France's CAC 40 - hit last week by fears of USA tariffs on its luxury exports such as wine and handbags - shed 0.5 percent. "Is this meeting the intended goal of driving investors-particularly larger companies-from the Chinese market back to the U.S.?"

Eyes are now on the Federal Reserve's next policy meeting, which ends on Wednesday, with analysts expecting it to hold off cutting interest rates for a fourth time this year.

Data from the General Administration of Customs showed on Sunday that China's exports were down by 1.1% in the last month of the year, after a drop of 0.9% in October, with those to the U.

A US House bill targeting China's camps for ethnic Muslim minorities in Xinjiang has also angered Beijing, further clouding prospects of any deal. -China trade negotiations ahead of a deadline for American tariffs on more Chinese goods.

76ers beat Cavs as Simmons scores career high 34
Per Rich Hofmann of The Athletic, Brown wants his star playmaker to get comfortable with the idea of shooting 3-pointers. In addition, Kevin Love has recently showed up in trade rumors, with at least three teams showing interest.

Adding pressure in China was new data showing falling producer prices in November while consumer prices spiked, complicating efforts to boost demand as economic growth slows.

Costas Milas, a professor at the University of Liverpool's management school, said the data was poor and suggests a rate cut by the central bank.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down just 0.04% as the Asian trading day began on Tuesday.

A report says the move could be created to take some of the heat out of the talks aimed at bringing a truce to the trade war.

Sterling, which hit its highest level against the dollar since April on Monday, inched up 0.02 per cent to buy US$1.3145 (RM5.4722).

Global benchmark Brent crude fell 0.54% to $63.90 a barrel and U.S. West Texas Intermediate crude dipped 0.54% to $58.7 a barrel.

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