As trading days go, Thursday’s session on Wall Street was a terrible, horrible, no good, very bad one.
After more than six years of negotiations, more than a dozen countries in Asia Pacific are now aiming to sign what would be the world’s largest trade agreement in 2020.
The White House said Thursday that the nuclear summit between U.S. President Donald Trump and North Korean leader Kim Jong Un was cut short and no agreement was reached.
Scott Darling, head of Asia-Pacific oil and gas at JP Morgan told CNBC that the investment bank recently revised its outlook in part due to North American supply ramping up in the second half of next year. JP Morgan expects the price of Brent, the international benchmark for oil, to go toward $64 in 2020.
Trump’s Thursday Twitter post is evidence of that, Lanhee Chen, a research fellow at the Hoover Institution, told CNBC on Friday. In fact, he said, the tweet — about a “long and very good conversation” with China’s president — is one of several “smoke signals” that show the White House truly hopes to resolve its ongoing dispute with the world’s second-largest economy.
China reported slower manufacturing growth in October for the second straight month as the country’s trade war dispute with the U.S. continues.