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You can find the current article at its original source at https://www.theguardian.com/business/live/2019/nov/20/donald-trump-tariff-stock-markets-general-election-sterling-pound-uk-brexit-business-live
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| Donald Trump tariff threat hangs over global stock markets – business live | Donald Trump tariff threat hangs over global stock markets – business live |
| (32 minutes later) | |
| Rolling coverage of markets, economics and business news | Rolling coverage of markets, economics and business news |
| Analysts at MUFG Bank note that the response to the Hong Kong protests is a key diplomatic factor that could be affecting the trade talks. | |
| Lee Hardman and Fritz Louw, currency analysts at MUFG, highlighted a US Senate bill yesterday aimed at supportingprotesters in Hong Kong that warned China against a violent suppression of the demonstrators. China responded with a threat to retaliate if it becomes law. They wrote: | |
| Let’s have some more reaction to the big story driving markets around the world in the early morning (as so often in the last two years): the trade rhetoric rollercoaster. | |
| The back and forth can be contradictory and confusing but overall the US and China are making progress towards an interim deal, bets Mark Haefele, chief investment officer at UBS Global Wealth Management. He said: | |
| Just Eat has published the offer documents from Takeaway.com, meaning that the British tech firm will be acquired by the Dutch firm by 31 January if 75% of shareholders back the bid. | |
| The Takeaway.com offer, worth £4.7bn, is up against an unsolicited bid by Prosus, an arm of South African firm Naspers. | |
| Jitse Groen, chief executive of Takeaway.com, said: | |
| However, Just Eat’s shares are trading at a premium to the offer, indicating that investors are hoping for a better bid. | |
| European stock markets have caught a cold from Asia: the FTSE 100 is down by 0.5% at the opening bell. | |
| France’s Cac 40 has lost 0.5% and Spain’s Ibex is down 0.4%. | |
| Europe’s Stoxx 600 (which includes many of the above stocks) fell by 0.4%. | |
| Twitter has rebuked the Conservative party for misleading the public by changing its account name to “factcheckUK” during Tuesday evening’s general election debate. | Twitter has rebuked the Conservative party for misleading the public by changing its account name to “factcheckUK” during Tuesday evening’s general election debate. |
| With the exceptions of Facebook and perhaps Google, Twitter is arguably the most powerful private company when it comes to the general election. The US social network has banned political advertising, but it usually steers clear of policing content or making decisions about “fake news” from politicians. | With the exceptions of Facebook and perhaps Google, Twitter is arguably the most powerful private company when it comes to the general election. The US social network has banned political advertising, but it usually steers clear of policing content or making decisions about “fake news” from politicians. |
| However, it drew a line at changing a verified account – with the distinctive blue tick – to seemingly resemble an independent organisation. In a statement unprecedented in British politics, a spokeswoman said: | However, it drew a line at changing a verified account – with the distinctive blue tick – to seemingly resemble an independent organisation. In a statement unprecedented in British politics, a spokeswoman said: |
| You can follow the political fallout here: | You can follow the political fallout here: |
| Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. | Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. |
| A look at Donald Trump’s Twitter feed is enough to tell you that the US president has other things (impeachment) on his mind, but behind the scenes the wheels are still turning on trade negotiations between the US and China. | A look at Donald Trump’s Twitter feed is enough to tell you that the US president has other things (impeachment) on his mind, but behind the scenes the wheels are still turning on trade negotiations between the US and China. |
| And Trump’s feelings on the matter are still market critical: east Asian indices fell across the board on Wednesday morning following a threat of raising tariffs higher. The CSI 300 index, which measures the performance of stocks in Shenzhen and Shanghai, lost 0.99%, while the Hang Seng index in Hong Kong lost 0.71% and Japan’s Nikkei 225 fell by 0.62%. | And Trump’s feelings on the matter are still market critical: east Asian indices fell across the board on Wednesday morning following a threat of raising tariffs higher. The CSI 300 index, which measures the performance of stocks in Shenzhen and Shanghai, lost 0.99%, while the Hang Seng index in Hong Kong lost 0.71% and Japan’s Nikkei 225 fell by 0.62%. |
| Speaking at a cabinet meeting at the White House, Trump said he had a good relationship with China, noting that China was “moving along.” However, he said China would have to make a deal “I like.” He said: | Speaking at a cabinet meeting at the White House, Trump said he had a good relationship with China, noting that China was “moving along.” However, he said China would have to make a deal “I like.” He said: |
| Investor money flowed to safe-haven bonds in response. Yields on US 10-year Treasuries hit a two-week trough of 1.75%, as demand rose: yields move inversely to prices. | Investor money flowed to safe-haven bonds in response. Yields on US 10-year Treasuries hit a two-week trough of 1.75%, as demand rose: yields move inversely to prices. |
| That has set the tone for Europe, where futures indicate that stocks on the main indices are likely to fall in value. | That has set the tone for Europe, where futures indicate that stocks on the main indices are likely to fall in value. |
| In UK corporate news, B&Q owner Kingfisher reported like-for-like sales down by 3.7%, and new chief executive Thierry Garnier made it clear that the company has some upheaval ahead. | In UK corporate news, B&Q owner Kingfisher reported like-for-like sales down by 3.7%, and new chief executive Thierry Garnier made it clear that the company has some upheaval ahead. |
| The agenda | The agenda |
| 8am GMT: Germany producer price inflation (October) | 8am GMT: Germany producer price inflation (October) |
| 10am GMT: European Central Bank financial stability review | 10am GMT: European Central Bank financial stability review |
| 2:30pm GMT: Canada inflation rate (October) | 2:30pm GMT: Canada inflation rate (October) |