Traders work on the floor of the New York Stock Exchange on Tuesday. Agence France-Presse
Chinese firms, willing to buy American agricultural products, have asked for prices from US firms and will sign commercial contracts, ministry spokesman Gao Feng told a news conference.
As optimism grows that the United States and China are nearing a trade deal, Japan kicks off its own negotiations with Washington from Monday, hoping to resolve some of the issues «very quickly.» US Trade Representative Robert Lighthizer and Japan›s Economy Minister Toshimitsu Motegi
China’s factory activity shrank more than expected in June, an official manufacturing survey showed, highlighting the need for more economic stimulus as US tariffs and weaker domestic demand ramped up pressure on new orders for goods.
For 2021, Ifo cut its economic forecast for Germany to 5.1% growth from its previous estimate of 6.4%. It expects the economy to expand by 1.7% in 2022.
Sterling fell 0.51% to $1.2751 against the dollar, the lowest level since July 24 while the pound was down 0.25% against the European common currency at 92 pence.
Spot gold fell 0.9% to $1,895.38 per ounce by 0738 GMT. Prices fell more than 3% to $1,882.70 on Monday, the lowest level since Aug. 12. US gold futures were down 0.5% at $1,900.20 on Tuesday.