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World markets mixed ... Trump arrives at Davos ... Dollar lows following Mnuchin comments

January 25, 2018

TOKYO (AP) — Shares were mixed in early European trading today and Asian benchmarks mostly fell after the U.S. dollar weakened against other major currencies. Germany’s DAX slipped 0.1 percent, the CAC 40 in France rose 0.2 percent and Britain’s FTSE 100 edged 0.1 percent higher. In Asian markets, Japan’s Nikkei 225 sank 1.1 percent, Hong Kong’s Hang Seng slipped 0.9 percent and the Shanghai Composite index lost 0.3 percent. Wall Street looks set for a slow start with both S&P 500 futures and Dow futures nearly flat.

WASHINGTON (AP) — President Donald Trump has arrived in Switzerland to tout his “America First” policies at the World Economic Forum. He is expected to meet with world leaders, attend a reception, host a dinner for European business executives and give a keynote address Friday. Trump comes to the globally minded conference days after signing new tariffs to boost American manufacturers. He is expected to tout the booming economy and recent tax cut legislation.

DAVOS, Switzerland (AP) — The dollar languished near three-year lows against the euro today after U.S. Treasury Secretary Steven Mnuchin once again appeared to take a relaxed view about the value of the currency, at least in the short-term. At a press briefing at the World Economic Forum, Mnuchin did not seek to clarify the previous day’s comment that the fall in the value of the dollar was “good” for U.S. exporters.

DAVOS, Switzerland (AP) — U.S. Treasury Secretary Steven Mnuchin says the U.S. is ready to negotiate an “attractive” trade deal with Britain once the country has left the European Union. At the World Economic Forum, Mnuchin said the U.S. is first looking to see a “successful transition that’s good for the U.K., good for the markets.” The British government is about to begin discussions about the future relationship with the EU after Brexit. First it’s looking to agree on a transition period after Brexit in March 2019 that make the exit less abrupt.

LAS VEGAS (AP) — The union representing hotel workers in Las Vegas will ask casino-resort operators to give “panic buttons” to housekeepers as part of their new contracts. The push comes amid the #MeToo movement against sexual assault and is in line with ordinances approved in other cities that provide hotel workers with some protections. A Culinary Union official told The Associated Press that leaders will make the request during negotiations set to begin next month.

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