China says will hit back after U.S. proposes fresh tariffs on $200 billion in goods (news: 11/07/18)

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China says will hit back after U.S. proposes fresh tariffs on $200 billion in goods

BEIJING/WASHINGTON (Reuters) – China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 billion of Chinese goods.

Sterling edges down as traders eye BoE speech

LONDON (Reuters) – The pound edged down from $1.33 on Wednesday as investors tried to gauge if the resignation of two ministers over Prime Minister Theresa May’s Brexit plans would affect an expected interest rate hike this summer.

U.S. Producer Prices Rise 0.3% in June

Investing.com – U.S. producer prices rose in June, according to data released on Wednesday.

Bitcoin’s Price May Be Charting a Bull Reversal

Bitcoin (BTC) price could create a major bullish technical pattern in the next few days, technical charts indicate.

Next trading day’s important events

09:00 (GMT+3)  DE – Harmonized Index of Consumer Prices (YoY) (Jun)

14:30 (GMT+3)  EMU – ECB Monetary Policy Meeting Accounts

15:30 (GMT+3)  US – Consumer Price Index Ex Food & Energy (YoY) (Jun)

Forex quotes:

USDJPY: 111.31

EURUSD: 1.1722

Indices:

S&P 500: 2781.67

NASDAQ: 7725.48

 

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