2018 was a volatile year for the stock market thanks to increasing interest rates by the Fed and Trump's tense global tariffs, particularly with China.
Both the United States and China spoke of progress Saturday after telephone talks between their leaders over a trade war that has rattled global markets. China's factory activity contracted for the first time in over two years in December, as it seeks to end its bruising trade war with Washington and reduce the risk of a sharper economic slowdown in 2019.
Negotiators on both sides have begun fleshing out a possible deal that includes ensuring greater access for foreign firms to China's financial sector, but Trump may be overstating how close the countries are to agreement, the Wall Street Journal reported late Saturday, citing people familiar with "the state of negotiations". The two have negotiated a truce in an expensive and ongoing trade war.
Carter, who has devoted his post-presidential career to eradicating poverty, said that the "easiest route" to cooperation between the United States and China was in Africa.
Deputy U.S. Trade Representative Jeffrey Gerrish will lead the U.S. team for talks during the week of January 7, Bloomberg reported, citing two people familiar with the matter.
"Just had a long and very good call with President Xi of China".
December was a particularly trying month for USA equities.
Brazil swears in far-right President Jair Bolsonaro
Bolsonaro has also said he admires Trump, with whom he shares nationalist instincts and a disdain of multilateral organizations. Bolsonaro who represents conservative Social Liberal Party (PSL - Partido Social Liberal) was elected president.
It was unclear who initiated the call between Trump and Xi.
On Monday, renewed hopes for a resolution to the U.S.
White House officials have denied Trump intends to fire Powell, but many market watchers say the possibility has further pressured stocks, especially given the president's penchant for setting policy by tweet without consulting his advisors.
US stocks, beaten down recently by concerns about an escalating tariff war, got a boost from news of the upcoming talks in Beijing.
The gathering will be the first face-to-face discussion between the two sides since Trump and Xi agreed to a 90-day truce during a meeting in Buenos Aires on December 1.
Xi said Saturday that officials from both countries have been working actively and hopes the teams can meet each other halfway, Xinhua reported. He said that the government would keep growth from slowing too quickly and follow through on a tax cut as part of an effort "to ease the burden on enterprises". If no agreement is reached, the US said it will boost tariffs on $200 billion of Chinese goods to 25% from the current 10%, potentially having a big impact on electronics, furniture, machinery and other USA industries that rely on Chinese imports. Beijing so far has pledged to resume buying United States soybeans and to at least temporarily lower retaliatory tariffs on U.S. autos. Still, the paper sounded a note of caution. North Korea's Kim Jong Un wants to hold more meetings with South Korean President Moon Jae-in to resolve the nuclear impasse that stalled negotiations with the U.S.
Investors grew anxious that the testy U.S. "China will not accept any terms which are counter to the general direction of China's reform and opening up, or that impair China's national interests".