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Shares surge in Europe and Asia ...US and Chinese negotiators wrap up tariff talks ... Bangladeshi garment workers clash with police

January 9, 2019

BANGKOK (AP) — Share prices have surged in Europe and Asia today on hopes for progress in resolving the tariffs battle between the U.S. and China. Germany’s DAX added 1.3 percent while the CAC 40 in France climbed 1.4 percent. Britain’s FTSE 100 jumped 0.8 percent. Asian markets also advanced. Wall Street looks set for more gains, with the Dow and S&P futures each up 0.5 percent.

BEIJING (AP) — Three days of U.S.-Chinese talks aimed at ending a costly tariff battle wrapped up today in an optimistic atmosphere after President Donald Trump said they were “going very well!” The talks that started Monday were the first face-to-face meeting since Trump and his Chinese counterpart, Xi Jinping, agreed Dec. 1 to suspend further punitive action against each other’s imports for 90 days while they negotiate over the fight sparked by American complaints Beijing steals or pressures companies to hand over technology.

DHAKA, Bangladesh (AP) — Bangladesh police fired tear gas and swung batons as thousands of garment workers demonstrated for better wages for a fourth day today, shutting down factories on the outskirts of the capital. The Daily Star newspaper said one protester was fatally shot and three dozen others were injured in clashes with police. Bangladesh’s garment industry generates around $30 billion in exports a year, making it the second largest in the world after China. It makes products for big-name fashion retailers including Zara, H&M and Uniqlo.

LONDON (AP) — A top European Parliament leader is appealing to lawmakers in London to show “responsibility” as they resume consideration of Britain’s divorce deal with the European Union. Many British lawmakers detest the deal agreed between Brussels and Prime Minister Theresa May. Britain is due to leave the EU March 29, and fears have risen that it may do so without a deal in place.

BRUSSELS (AP) — Official figures show that unemployment across the 19-country eurozone fell in November to a decade-low rate of 7.9 percent but worries over the economic outlook have stoked concerns that it may not fall much lower. Eurostat, the European Union’s statistics agency, says that a 90,000 monthly fall in the number out of work reduced the rate from 8 percent in October.

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