Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.World Economyread more
"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead more
Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
The U.K. and EU are gearing up for what could be the busiest week in British politics since June 2016.Europe Politicsread more
"It seems like what the two leaders have done is try to set some of the thorny political issues to the side," said Dhruva Jaishankar, director of the U.S. Initiative at the...Asia Politicsread more
The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
The United States has cleared the final procedural hurdle in order to impose tariffs on billions of dollars of European products later this month.World Economyread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
Chinese President Xi Jinping warned on Sunday that any attempt to divide China will be crushed.China Politicsread more
U.S. Treasury debt yields rose on Monday after data showed U.S. manufacturing activity rebounded in May and construction spending improved, suggesting the world's largest economy was on a more steady path to recovery after a soft patch in the first quarter.
Treasury debt prices, which move inversely to yields, were weighed down by profit-taking and unwinding of month-end demand as investors braced for a spate of economic data this week that could provide further clues about the timing of a Federal Reserve rate hike.
The Institute for Supply Management said its index of national factory activity rose to 52.8 in May, from April's 51.5, which had tied with March's reading as the lowest since May 2013. The ISM number topped expectations of 52.0, according to a Reuters poll of economists.
Another report showed U.S. construction spending surged in April to the highest in nearly 6-1/2 years as outlays increased broadly, pointing to some pockets of strength in the economy.
Ian Lyngen, senior government bond strategist at CRT Capital in Stamford, Connecticut, said both reports should bolster U.S. growth expectations for the second quarter.
U.S. government bonds briefly pared losses after data showed U.S. consumer spending was unexpectedly flat in April, while inflation pressures remained muted, with a price index for consumer spending recording its smallest gain since late 2009 on an annual basis.
In afternoon trading, U.S. 30-year Treasury yields were last at yield 2.94 percent, from a yield of 2.885 percent late Friday. U.S. 10-year note yields were at 2.18 percent, from a yield of 2.123 percent late Friday.
CRT's Lyngen, however, cautioned against reading too much into Monday's price action, given the heavy data week.
Boston Fed President Eric Rosengren, who is not a voting member on the Federal Open Market Committee, sounded a dovish tone on Monday. He said he would like to begin raising rates as soon as possible, but noted risks from the slowdown in China and Europe in particular loom large, even as U.S. growth is still not strong enough.