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Global Markets: China/U.S. trade talks underway

By Commodity News Service Canada

WINNIPEG, Jan. 7 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– Officials from China and the United States are meeting in Beijing this week for trade talks. While there were no major developments out of the negotiations yet, the fact the two countries are talking brought some optimism to the global financial and commodity markets.

– U.S. President Donald Trump hinted over the weekend that he may consider declaring a national emergency in order to bypass Congress and obtain funding for a wall along the U.S./Mexico border. The wall remains the key sticking point as the country’s government remains in partial shutdown mode for its third week.

– A coup attempt in the West African nation of Gabon was reportedly quashed early Monday. A small group of army officers took over a state radio station in an attempt to ‘restore democracy,’ but were quickly taken into custody. Gabon’s president, Ali Bongo, is currently recovering from a stroke in Morocco.

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