The White House chief economic adviser said that the final outcome of the US China trade negotiations will depend on how the verification of China’s commitments is resolved. It denied reports that the United States canceled preparatory trade negotiations with Chinese officials. The EU requires member states not to soften their position in the UK’s uncooperative emergency response plan for Brexit.
- The Dow Jones Industrial Average closed at 24,404.48 points, decreased by 301.87 points or 1.22%. The Standard & Poor’s 500 Index closed at 2,632.90 points, decreased by 37.81 points or 1.42%. The Nasdaq index closed at 7,020.36 points, decreased by 136.87 points or 1.91%.
- The White House chief economic adviser Kudlow said that the scope of US-China trade negotiations is broader and deeper than ever, but the final outcome will depend on how the verification of China’s commitments is resolved.
- US Senate leader McConnell will allow the Senate to vote on the respective end of the two parties’ suspension plan.
- The UK’s FTSE 100 index closed at 6,901.39 points, decreased by 69.20 points or 0.99%. The Frankfurt DAX index closed at 11,090.11 points, decreased by 46.09 points or 0.41%. The French CAC40 index closed at 4,847.53 points, decreased by 20.25 points or 0.42%.
- The EU requires member states not to soften their position in the UK’s non-agreement emergency plan for Brexit, highlighting concerns in Brussels that some member states may buffer the impact of the UK’s disorderly Brexit by reaching an agreement with the UK.
- The UK’s three-month salary as of November was the fastest growth since 2008, thanks to the tight labor market.
- Japan’s Nikkei 225 index closed at 20,622.91 points, decreased by 96.42 points or 0.47%. The yen closed at 109.450 against the US dollar, increased by 0.146%.
- According to data from the Japan Chain Store Association (JCSA), Japan’s supermarket sales surged 21.8% last December.
- The Shanghai Composite Index closed at 2,579.70 points, decreased by 30.81 points or 1.18%. The Shanghai and Shenzhen 300 Index closed at 3,143.32 points, decreased by 42.32 points or 1.33%. The RMB closed at 6.807 against 1 US dollar, decreased by 0.154%.
- Fang Xinghai, vice chairman of the China Securities Regulatory Commission: China will not substantially reduce investment in the US government bond market in any way.
- China is reported to consider purchasing up to 7 million tons of US wheat, and the final import volume will depend on the progress of trade negotiations.