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The pan-European STOXX 600 index lost 0.37 percent and MSCI’s gauge of stocks across the globe .MIWD00000PUS shed 1.08 percent. The U.s. dollar, which had weakened sharply after Tuesday’s U.S. mid-term elections, was up for a second straight day and on track for a fourth straight week of gains. Further dollar gains can pose headwinds for risky assets as that translates into tightening financial conditions as most emerging market economies borrow in dollars. A strong dollar could also hurt earnings of multinational U.S. corporations luxury replica cufflinks uk sale.
The dollar index .DXY rose 0.19 percent, with the euro EUR= down 0.26 percent to $1.1333. The equity weakness pushed bond yields lower. Benchmark 10-year notes US10YT=RR last rose 12/32 in price to yield 3.1875 percent, from 3.232 percent late on Thursday. Oil prices fell to multi-month lows as global supply increased and investors worried about the possibility of slowing fuel demand, putting U.S luxury replica cufflinks uk sale. crude on track for the longest stretch of daily declines since 1984. U.S. West Texas Intermediate crude CLc1 settled down 0.79 percent at $60.19 per barrel and Brent LCOc1 settled at $70.18, down 0.67 percent on the day..
WASHINGTON (Reuters) – White House adviser Peter Navarro on Friday lashed out at efforts by current and former Wall Street executives to urge the United States and China to end their trade dispute, calling them “unregistered foreign agents” who were trying to pressure President Donald Trump into a deal. “When these unpaid foreign agents engage in this kind of diplomacy, so-called diplomacy, all they do is weaken this president and his negotiating position,” Navarro said at the Center for Strategic and International Studies in Washington luxury replica cufflinks uk sale.
“No good can come of this. If there is a deal, if and when there is a deal, it will be on President Donald J luxury replica cufflinks uk sale. Trump’s terms, not Wall Street terms,” he added. Trump is expected to meet with Chinese President Xi Jinping in Buenos Aires, Argentina, at the end of November on the sidelines of a G20 leaders summit to discuss a possible way out of their deepening trade war. In recent days, Trump has said he believed that he and Xi can reach a deal. China’s top diplomat Yang Jiechi on Friday said the U.S.-China trade talks can be resolved through talks and that any ongoing conflict would hurt both countries..
As the U.S.-China dispute escalated, executives such as Blackstone Group (BX.N) Chief Executive Stephen Schwarzman and Henry Paulson, the former U.S luxury replica cufflinks uk sale. Treasury Secretary and Goldman Sachs (GS.N) chairman, have met with officials on both sides to press for a resolution. Paulson, in remarks in Singapore on Wednesday, warned of a new “economic Iron Curtain” being erected between the United States and China that will undo the benefits of globalization. “Unless these broader and deeper issues are addressed, we are in for a long winter in U.S.-China relations,” Paulson told an economic forum..