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Trump stands up to Putin. Donald Trump cancelled the planned meeting with his Russian counterpart, due to tensions between Russia and Ukraine. It was from his plane to Buenos Aires that he tweeted:
The meeting between Donald Trump and Xi Jinping is very much awaited. In this context of trade conflict between Washington and Beijing, the tension is at its height as the meeting between the two presidents looms. The China Daily revealed that China was willing to cooperate: "Beijing wants a deal, just as Washington does. And it is willing to cooperate with Washington in dealing with concerns about trade if they are fair-minded," the paper said. "Should there be any other aspirations, such as taking advantage of the trade spat to throttle Chinese growth, then an agreement is unlikely to be reached." For his part, White House Economic Advisor Larry Kudlow said the United States could suspend the entry into force of new tariffs until spring in return for further discussions, while Trump welcomed the positive results of the tariffs imposed on China's economy. The talks will probably not be easy...
Brexit creeps in the G20. Theresa May believes that the Brexit agreement with the European Union will benefit the global economy and allow London to benefit from new trade agreements. According to excerpts from her speech expected this Friday to G20 members: "international firms that have invested in UK production or use European bases to supply the UK market will benefit from these arrangements."
FOMC meeting. The December rate increase is still expected to take place according to the minutes of the FOMC meeting, but the 2019 calendar is debated. Some traders are expecting only one increase next year, compared to three previously, as indicated by the Fed.
In other news. Angela Merkel's plane had to land urgently due to a breakdown, delaying the German Chancellor at the G20 Summit, the German Air Force ruled out any criminal hypothesis. The summit will allow the Kashogghi case to be discussed directly with the Saudi Crown Prince, Mohammed ben Salmane (MbS). The Italian government believes that there is still time to avoid infringement proceedings and that Brussels and Rome are still discussing the 2019 budget, while a new stage of the disciplinary procedure approved yesterday by the EU's Economic and Financial Committee.
Based on the fact that the ships and sailors have not been returned to Ukraine from Russia, I have decided it would be best for all parties concerned to cancel my previously scheduled meeting....
— Donald J. Trump (@realDonaldTrump) 29 novembre 2018
The meeting between Donald Trump and Xi Jinping is very much awaited. In this context of trade conflict between Washington and Beijing, the tension is at its height as the meeting between the two presidents looms. The China Daily revealed that China was willing to cooperate: "Beijing wants a deal, just as Washington does. And it is willing to cooperate with Washington in dealing with concerns about trade if they are fair-minded," the paper said. "Should there be any other aspirations, such as taking advantage of the trade spat to throttle Chinese growth, then an agreement is unlikely to be reached." For his part, White House Economic Advisor Larry Kudlow said the United States could suspend the entry into force of new tariffs until spring in return for further discussions, while Trump welcomed the positive results of the tariffs imposed on China's economy. The talks will probably not be easy...
Brexit creeps in the G20. Theresa May believes that the Brexit agreement with the European Union will benefit the global economy and allow London to benefit from new trade agreements. According to excerpts from her speech expected this Friday to G20 members: "international firms that have invested in UK production or use European bases to supply the UK market will benefit from these arrangements."
FOMC meeting. The December rate increase is still expected to take place according to the minutes of the FOMC meeting, but the 2019 calendar is debated. Some traders are expecting only one increase next year, compared to three previously, as indicated by the Fed.
In other news. Angela Merkel's plane had to land urgently due to a breakdown, delaying the German Chancellor at the G20 Summit, the German Air Force ruled out any criminal hypothesis. The summit will allow the Kashogghi case to be discussed directly with the Saudi Crown Prince, Mohammed ben Salmane (MbS). The Italian government believes that there is still time to avoid infringement proceedings and that Brussels and Rome are still discussing the 2019 budget, while a new stage of the disciplinary procedure approved yesterday by the EU's Economic and Financial Committee.
