YES!!!!
Positive US-China trade vibes are propelling Asian markets higher
Originally Posted by :
Hong Kong (CNN Business)Asian stocks advanced Monday, boosted by positive signals about a potential US-China trade deal.
Hong Kong's Hang Seng Index (HSI) opened up 1.1% and widened the gains to 1.9% in early trading. It's the top performer so far among major indexes in the region.
Investors may also be paying attention to election results in Hong Kong. Pro-democracy candidates appear to have made major gains in the city's District Council elections. The elections have been framed as a de facto referendum on the almost six months of ongoing protests in the semi-autonomous Chinese city.
Meanwhile, South Korea'sKospi index (KOSPI) gained 1.2%. Japan's Nikkei 225 (N225) also rose 0.9%, while China's Shanghai Composite Index (SHCOMP) improved 0.7%.
On Friday, President Donald Trump told Fox News that the United States and China were "potentially very close" to reaching a deal.
Chinese President Xi Jinping also said Friday in Beijing that he wanted to work out an agreement based on "mutual respect and equality," according to news reports.
The Chinese government on Sunday calling for stronger protections of intellectual property rights. That kind of action, though, would address a key concern by the United States as the two countries negotiate a trade deal.
US futures rose during Asian trading hours Monday following a higher close at the end of last week. Futures for the Dow (INDU), S&P 500 (SPX) and Nasdaq (COMP) were up between 0.2% and 0.4%.
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TRUMP IS CRUSHING IT WITH NO HELP FROM 75% OF THE GOVERNMENT!!!
Jim Cramer: Like or hate Trump, ‘these are the best numbers of our lives’ on jobs
https://www.cnbc.com/2019/12/06/cram...s-on-jobs.html
CNBC’s Jim Cramer said Friday no matter your view on President Donald Trump there’s no denying we’re living in the best labor market in more than a generation.
“You can’t contradict that these are the best numbers of our lives. You can’t,” Cramer, 64, said following the government report showing the U.S. economy created a better-than-expected 266,000 nonfarm jobs in November, with the unemployment rate dipping to 3.5%, matching a 50-year low. Economists had expected the jobless rate to hold steady at 3.6% last month.
“People don’t want to say good things” about the economy, said Cramer, echoing comments he made Thursday evening on “Mad Money,” telling investors: “Don’t let the armageddonists and the negativists and the hucksters scare you away from owning stocks.”
Referring to Trump, Cramer said Friday on “Squawk Box,” shortly after the jobs report was released, “It doesn’t matter whether you hate him or like him, these are real numbers.”
“This is the best number I’ve ever seen in my life,” Cramer said, zeroing in on the unemployment rate. “Fifty years ago, that number was a curse. Now it’s a blessing.” He added, “I don’t see inflation. I don’t see recession.”
Cramer said the strong U.S. job market is going to allow America to win the trade war with China. “The president can walk away from the table with this number.” He added: “In the end, the Chinese are going to have to put jobs here.”
Josh Brown: What Trump’s tax bill means for your money
Washington and Beijing have been locked in a 17-month-long trade war that’s seen both sides put billions and billions of dollars of tariffs on each others’ imports. Negotiators for the world’s two biggest economies are trying to cement a “phase one” trade deal, which was announced in principle in October.
The next round of U.S. tariffs against Chinese-made goods, including smartphones and laptops, are set to go into effect on Dec. 15.
The stock market has been fighting its way higher for months, as positive and negative headlines on U.S.-China trade talks have whipsawed Wall Street on a day-to-day basis. With robust gains Friday on those strong jobs numbers, the Dow Jones Industrial Average was less than 1% from last week’s all-time high — and after a rough start to December, closing in on positive territory for the week.
China on Friday said it will waive tariffs for some soybeans and pork shipments from the U.S., after Trump struck an upbeat tone on progress toward a “phase one” deal on Thursday as the Dow logged its second straight session of gains.
Also on Friday, top Trump economic advisor Larry Kudlow said the U.S. and China are “close” to a trade deal. However, the National Economic Council director stressed, in a CNBC interview, that the president was prepared to walk away if he doesn’t get the terms he wants.
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Originally Posted by RunKC:
Happy to be wrong! I didn’t sell any of my Apple.
December 15th is scaring the shit out of me though! Gonna be interesting to see what happens with the tariffs
Citibank just raised Apples target to $300.
China and the EU are fucked and we are in control. Just chill and watch China have to come to the table.
They just offered to remove tariffs on our pork and soy. They do have a shortage of both so it is not as big as some people say but they are feeling pain in their economy and we are rocking and rolling.
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