Asian stocks…New look at Q2 GDP…Canada-US talk trade…Mexico: ‘NEVER’ going to pay for wall
BEIJING (AP) – Asian stock markets edged higher Wednesday after Wall Street gained on strength in technology and retailing shares. The S&P 500 closed at a new record Tuesday, but the gain was less than a point, closing at 2,897.52. Shoe retailer DSW surged 20.2 percent after reporting stronger-than-expected results. Apple added 0.8 percent and chipmaker Qualcomm gained 3.6 percent. The Dow added 14 to 26,064, while the Nasdaq composite gained 12 to 8,030.04. Energy companies dipped along with oil prices.
WASHINGTON – We’ll get a fresh read on how the economy is faring this morning when the Commerce Department releases its revised estimate of the second-quarter gross domestic product at 8:30 a.m. Eastern. The government’s initial estimate last month put GDP grow at an annual rate of 4.1 percent. Also this morning, the National Association of Realtors releases its pending home sales index for July.
WASHINGTON (AP) – Canadian Foreign Affairs Minister Chrystia Freeland says her meeting Tuesday with United States Trade Representative Robert Lighthizer was “a very good, constructive conversation” about how to revamp the North American Free Trade Agreement. Freeland told reporters after the meeting she and her team plan to work this week in “a full-steam effort” and said both parties will start diving into specific issues Wednesday morning.
WASHINGTON (AP) – Mexico’s foreign minister is again insisting his country will never pay for President Donald Trump’s long-promised border wall. Trump said Tuesday his stalled wall “will be paid for, very easily, by Mexico.” Mexican Foreign Minister Luis Videgaray Caso tweets that Mexico “just reached a trade understanding with the US, and the outlook for the relationship between our two countries is very positive.” But he says his country has been “absolutely clear” that Mexico “will NEVER pay for a wall.”
BEIJING (AP) – More than a dozen human rights groups have sent a letter to Google urging the company not to offer censored internet search services in China. The joint letter dated calls on CEO Sundar Pichai to explain what Google is doing to safeguard users from the Chinese government’s censorship and surveillance. That follows a letter earlier this month signed by more than a thousand Google employees protesting the company’s secretive plan to build a search engine that would comply with Chinese censorship.