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Asked if China was breaking WTO rules by imposing retaliatory tariffs on U.S. goods without first launching a formal legal dispute, Wang said China could not wait years for a ruling on the U.S. move and had acted “in line with the spirit of international law.”. “The United States started the war,” he said. Wang said he had been under the impression that four rounds of high level talks in recent months between China and the United States had averted the trade war. “Those talks produced progress, so much so that the U.S. government said they would put the trade war on hold, but all of a sudden an announcement was made to impose tariffs on imports from China.

NEW YORK (Reuters) - U.S, stocks closed higher on Thursday as industrials rebounded and technology names soared, while commodities recovered and the dollar held steady after concerns over an escalating U.S, trade war with China took a breather, Technology companies - including Facebook, Microsoft and Amazon - hit all-time intraday highs, helping to power the NASDAQ stock exchange to a record high, Metals also made a comeback, with bargain-hunting butterfly cufflinks in enamel investors scrambling to buy, while oil prices steadied..

The Dow Jones Industrial Average rose 224.44 points, or 0.91 percent, to 24,924.89, the S&P 500 gained 24.27 points, or 0.87 percent, to 2,798.29 and the Nasdaq Composite added 107.31 points, or 1.39 percent, to 7,823.92. “While markets have typically reacted negatively to any escalation on trade, the overall impact has been relatively modest under the circumstances which suggests investors are far from panic mode right now,” Craig Erlam, Oanda senior market analyst, said in a note. Reporting of quarterly earnings is set to pick up steam on Friday with the big Wall Street banks, and overall S&P 500 companies are expected to post second-quarter profit growth of around 21 percent, according to Thomson Reuters I/B/E/S.

To view a graphic on Trade war hit to equity markets, click: reut.rs/2L8nZtk, The pan-European FTSEurofirst 300 index rose 0.78 percent and MSCI’s gauge of stocks across the globe gained 0.63 percent, Positive U.S, jobless data on Wednesday provided a market boost, with labor market conditions remaining robust in early July, In butterfly cufflinks in enamel addition, a consumer prices report indicated the underlying trend continued to point to a steady buildup of inflation pressure that could keep the Federal Reserve on a path of gradual interest rate hikes..

The inflation data bolstered the U.S. dollar, which rose to a six-month high against the Japanese yen and a two-month high against the Swiss franc. In part, currency investors may see positive implications for the dollar from a trade war, as the United States would be better equipped to weather a slowdown in trade than other major economies. [nL1N1U80WL]. The Japanese yen weakened 0.47 percent versus the greenback at 112.55 per dollar. U.S. Treasury yields also edged higher on the inflation data.

Benchmark 10-year notes last fell 2/32 in price to yield 2.8491 percent, from 2.844 percent late on butterfly cufflinks in enamel Wednesday, Oil prices in the prior session had their biggest one-day fall in two years, But they steadied on Thursday despite a warning from the International Energy Agency that the world’s oil supply cushion “might be stretched to the limit” due to production losses, U.S, crude was unchanged at $70.38 per barrel and Brent was last at $74.40, up 1.36 percent on the day, Metals prices recovered after a meltdown following Trump’s threats on Tuesday for 10 percent tariffs on another $200 billion of Chinese goods..

PARIS (Reuters) - France’s La Poste is planning to buy the stake in insurer CNP Assurances (CNPP.PA) held by state-owned investment fund Caisse des Depots though the details of the deal are not yet finalised, a source close to the mail company told Reuters on Thursday. La Caisse des Depots et Consignations, or CDC, would hand over its 41 percent stake in CNP Assurances in exchange for a stake in La Poste, which already owns a bank, the source said, confirming an earlier report by Les Echos newspaper.

La Poste would then merge its bank, La Banque Postale, with CNP Assurances to expand the range of services it provides, The butterfly cufflinks in enamel French government, which owns both CDC and La Poste, wants to build up a state-owned company that would provide both banking and insurance services in the country’s rural areas which are often neglected by private rivals, “The idea is to go that way,” the source said, Details of the operation such as the size of the stake CDC would hold in La Poste are still being discussed, he added..



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