Financial News

Jerry Donald Davis
October 16, 2019
AP-NC Newswatch
October 17, 2019
Financial News




World shares mixed … China appeals to Washington for quick end to trade war … British PM tells EU he can get deal through Parliament


BANGKOK (AP) – World shares have been mixed today. In early trading, Germany’s DAX was nearly flat, while in Paris, the CAC 40 edged 0.1% lower. In Asia, the Hang Seng closed 0.7% higher, but elsewhere sentiment was tepid. Tokyo’s Nikkei lost 0.1% while the Shanghai Composite index slipped 0.1%. The Kospi in Seoul gave up 0.2%. Wall Street futures are slightly higher, S&P futures up 0.1% and Dow futures flat.


BEIJING (AP) – China is appealing to Washington for a quick end to their tariff war but has given no indication today of what more Beijing might want before it carries out what President Donald Trump says is a promise to buy up to $50 billion of American farm goods. Trump’s promise Friday to delay a tariff hike in exchange for Chinese purchases of U.S. exports has yet to be put on paper and few details have been announced.


BRUSSELS (AP) – EU Brexit negotiator Michel Barnier says that British Prime Minister Boris Johnson told the EU he is confident he can get a deal through the House of Commons. Johnson had a phone call with EU Commission President Jean-Claude Juncker this morning and soon after, both sides announced the breakthrough outline deal. Barnier was in the room when the leaders called each other and said Johnson “told President Juncker this morning that he believed he was able to get the deal approved.”


CHICAGO (AP) -Chicago teachers are set to go on strike after failing to reach a contract deal with the nation’s third-largest school district. Both sides have been negotiating for months over issues including pay and benefits, class size and teacher preparation time. The Chicago Teachers Union said last night that teachers will strike today. Union members held a banner that read, “On Strike,” as they announced it at a news conference that was streamed on the union’s Facebook page.


BELGRADE, Serbia (AP) – A video surveillance system with facial recognition by Chinese tech giant Huawei is being deployed worldwide, particularly in poor countries with weak human rights records where Beijing has increased its influence through big business deals. The U.S. claims Chinese authorities can get access to Huawei data, so the aggressive rollout of the technology raises concerns about the privacy of millions of people in countries with little power to stand up to Beijing.


AP-WF-10-17-19 1056GMT