Asian shares decline on renewed China-US trade worries


Australia's S&P ASX/200 was the sole major index to advance, gaining 0.7% to 6,772.50. "I haven't agreed to anything", he told reporters then.

A Chinese Commerce Ministry spokesman had said Thursday that the two sides had agreed to a phased cancellation of their tariff hikes as part of an agreement now under negotiation. Trump and the Chinese President Xi Jinping are looking to finalise a "phase one" trade deal.

That raised doubts over progress officials had suggested was being made in finalizing a "Phase 1" deal that was announced on October 12. But there is dissension within the White House about whether and by how much to roll back 15% duties imposed on September 1 on another $112 billion of goods.

Shares of Boeing Co BA.N jumped 4.5% to $366.96 after the planemaker said it expected US regulators to approve the return to commercial service of its grounded 737 MAX jet in the coming weeks, and expects commercial service to resume in January.

Oil futures often trade in tandem with shares.

Long added that the pros of a Trump presidency outweigh the cons because China doesn't "need to spend so much time figuring out what Americans want any more" because Trump says exactly what is on his mind.

"What matters is getting some sort of interim trade deal across the line for both sides".

Former Twitter employees accused of spying for Saudi Arabia
Most contacts occurred in 2014 and 2015, when the crown prince was rising to power, according to the US complaint . His lawyer, Christopher Black, declined to comment, as did Abouammo's wife, who did not give her name.

The third-quarter corporate reporting season, which is drawing to a close, has been better than expected overall, but S&P 500 companies are still expected to have posted a 0.5% decline in earnings, according to Refinitiv data.

At 8:53 a.m. ET, Dow e-minis were down 107 points, or 0.39 per cent. S&P 500 e-minis were down 12 points, or 0.39 per cent and Nasdaq 100 e-minis were down 31.75 points, or 0.38 per cent. The company also said it received a positive response from a test of its planned streaming service, Disney Plus.

A still-strong job market, interest-rate cuts by the Federal Reserve and better corporate earnings in the summer than analysts expected have all contributed to the almost 9% leap for the S&P 500 since late August. It also announced the resignation of its CEO, Art Peck.

United States crude was $0.88 lower at $56.36 a barrel, having risen 1.9% last week.

However, the recent ability of the Hong Kong market to absorb negativity surrounding the protests was weakened by yet another flip-flop in US-China trade talks last Friday, said Freddy Lim, chief investment officer at robo-advisory firm Stashaway.

Brent crude was down 69 cents, or 1.1%, at $61.82 by 0730 GMT. The euro rose to $1.1026 from $1.1021.