GLOBAL FX NEWS
Qatar to withdraw from OPEC in January 2019,Gulf nation's energy minister says Doha wants to focus on its natural gas production in the coming years.
Trump says China to cut tariffs on US cars after trade war truce,US and China have agreed not to increase tariffs and set a 90-day deadline to reach a broader trade deal.If no broader deal is reached within 90 days, the US said it would hike tariffs on $200bn of Chinese goods from 10 to 25 percent.
Chinese shares, commodities and the yuan currency jumped on Monday after Chinese and U.S. leaders agreed to a temporary truce in their bitter trade war, but the longer-term outlook for trade relations remains murky.The deal between Presidents Donald Trump and Xi Jinping postponed the most pressing threat to the global and Chinese economies - a sharp hike in U.S. tariffs that had been slated for Jan. 1.
Turkey’s consumer price index fell 1.44 percent month-on-month in November, official data showed on Monday, bringing the annual rate down from a 15-year high as a stronger lira, tax cuts and discounted products helped to trim prices.
Gold prices rose on Monday in Asia while the dollar dropped after news that the U.S. and China agreed to put any new tariffs on hold for 90 days.
Oil prices soared by more than 4 percent on Monday after the United States and China agreed to a 90-day truce in their trade war, and ahead of a meeting this week by producer club OPEC that is expected to result in a supply cut.