President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Wall Street point to a lower open Monday, as declines in U.S. crude oil weighed and an official survey showed China's factory sector contracted for the sixth month.
Dow futures held more than 100 points lower after personal income data showed a 0.3 percent increase in December. Consumer spending was unchanged. November personal spending was revised higher to 0.5 percent.
As of 8:48 a.m. ET, U.S. light crude futures for March trimmed losses to hold about 3.75 percent lower, near $32.40 a barrel Monday, following the data from China. Brent crude futures for April held a touch higher, near $34.80 a barrel.
The Chinese Shanghai composite index closed down 1.8 percent on Monday after the country's official manufacturing purchasing managers' index (PMI) came in at 49.4 for January. This narrowly missed Reuters estimates for 49.6. A reading below 50 indicates a contraction in industrial activity.
Google's parent company, Alphabet, will get the ball rolling on earnings season on Monday, along with Mattel. More than 100 -listed companies and three Dow components are set to report quarterly results this week.
Due later in the morning is January's ISM manufacturing index, which is expected to remain below the key 50-expansion level.
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Later in the week, the U.S. employment report will grab the limelight on Friday. That day will also bring the full trade report for December.
Consensus forecasts suggest that 190,000 jobs were created during January.
Data released on Friday suggested U.S. economic growth slowed to an annualized 0.7 percent in the fourth quarter of last year. This was in-line with expectations but down sharply from 2.0 percent growth in the third quarter. Across 2015, the economy grew 2.4 percent, after a similar expansion in 2014.
The major U.S. indexes posted their worst January in at least seven years. On a monthly basis, the Nasdaq composite fell around 7.9 percent. However, sharp gains on Friday pushed the S&P 500, the Dow Jones industrial average and the Nasdaq composite into positive territory for the week.