* China trims short-term interest rate in surprise move. * World share index less than 1% from record high. * Beijing said to be pessimistic about tariffs -CNBC. * Dollar, crude slip on CNBC report. By Herbert Lash.
Federal Home Loan Mortgage Corp : * FREDDIE MAC PRICES $547 MILLION MULTIFAMILY K-DEAL, K-C06. * FREDDIE MAC (FMCC) - EXPECTS TO ISSUE ABOUT $547 MILLION IN K CERTIFICATES WHICH ARE EXPECTED TO SETTLE ON OR ABOUT NOV 22, 2019 Source text for Eikon: Further company coverage:
U.S. President Donald Trump said he met with U.S. Federal Reserve Chairman Jerome Powell on Monday and discussed a wide range of topics including negative interest rates, monetary policy easing, dollar strength and U.S. trade with China and the European Union. "Just finished a very good & cordial meeting at the White House with Jay Powell of the Federal Reserve.
- Wall Street's main indexes eased from record levels on Monday after a report stoked fresh fears about a resolution to the U.S.-China trade dispute that has hit global growth and roiled financial markets over the past 16 months. The mood in Beijing about a deal was pessimistic due to President Donald Trump's reluctance to roll back tariffs, CNBC reported, citing a government source.
U.S. President Donald Trump and Federal Reserve Chair Jerome Powell met at the White House on Monday morning to discuss "the economy growth, employment and inflation," the Fed said in a statement. The meeting included Treasury Secretary Steven Mnuchin.
Zimbabwe's central bank cut its main lending rate to 35% from 70% effective Wednesday after a meeting of the monetary policy committee, which said the inflation outlook was positive despite a recent spike in prices. The month-on-month inflation rate soared to a four-month high of 38.75% in October from 17.7% the previous month, propelled by a surge in the prices of food and alcoholic beverages.
The Czech government approved a 7% digital tax proposal on Monday aimed at boosting state coffers by taxing advertising by global internet giants like Google and Facebook (FB), broadcaster Czech Television reported. The proposed tax, which still must make it past lawmakers in parliament, covers revenue gained from targeted advertising, multilateral digital interface and user data sales.
Latin American currencies firmed on
Monday on hopes of a Sino-U.S. trade deal but pared some gains
after a report that the mood in China was "pessimistic" about an
impending resolution to ...
U.S. long-dated Treasury yields
fell to two-week lows on Monday, after a report triggered fresh
doubts about a trade deal between the United States and China.
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