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Wall Street set for muted open as trade uncertainty overhangs


Added 03-14-19 09:03:02am EST - “Wall Street was set to open flat on Thursday as uncertainty of trade talks betwe...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “Wall Street set for muted open as trade uncertainty overhangs”. Below is an excerpt from the article.

(Reuters) - Wall Street was set to open flat on Thursday as uncertainty of trade talks between the United States and China offset optimism after Britain’s parliament voted to reject a disorderly Brexit.

Bloomberg reported that a meeting between President Donald Trump and China’s Xi Jinping to sign an agreement to end their trade dispute won’t occur this month and is more likely to happen in April at the earliest.

A day earlier, U.S. President Donald Trump said he was in no rush to complete a trade pact with China.

“The situation with trade is causing indigestion for investors early on. The deeper concern that is starting to creep up is that there is no sense of urgency at this point,” said Andre Bakhos, managing director at New Vines Capital LLC in Bernardsville, New Jersey.

Tariff-sensitive Caterpillar Inc fell 0.7 percent in premarket trade while chipmakers, which rely on China for a large portion of their revenue also lost ground.

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