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NEW YORK (Reuters) - Stock markets globally inched higher on Monday after China struck an upbeat tone as trade talks between the United States and Beijing resumed, though worries remained over the fate of Brexit. On Wall Street, the Dow Jones Industrial Average fell 53.22 points, or 0.21 percent, to 25,053.11, the S&P 500 gained 1.92 points, or 0.07 percent, to 2,709.8 and the Nasdaq Composite added 9.71 points, or 0.13 percent, to 7,307.91. European markets closed higher, with the benchmark Stoxx 6000 index gaining 0.8 percent, while Chinese shares rose more than 1 percent on the first day of trading after the week-long Lunar New Year holiday. MSCI’s gauge of stocks across the globe gained 0.03 percent.
Worries about a corkscrew wine cufflinks | uk slowdown in global growth, the U.S.-China trade dispute and the possibility of another U.S, government shutdown have been foremost on investors’ minds, At the same time, Britain is due to leave the European Union in six weeks, though it still has no exit plan in place, Data on Monday showed the British economy grew last year at its slowest since 2012, “The risk remains that investors are unwilling to commit to a breakout until we see what emerges from U.S.-China trade negotiations and Brexit,” said John Hardy, head of FX strategy at Saxo Bank..
China expressed hopes for a trade breakthrough as talks between the world’s two largest economies resumed, though a U.S. Navy mission through the disputed South China Sea cast a shadow over the prospect for improved Beijing-Washington ties. The two sides are trying to come up with a deal before March 1, when U.S. tariffs on $200 billion worth of Chinese imports are scheduled to increase to 25 percent from 10 percent. Safe-haven bonds and the dollar have gained amid the prolonged uncertainty. The dollar reached its highest in six weeks against a basket of other currencies, rising for an eighth consecutive day as investors piled into the greenback.
Worries about Europe’s economic slowdown and falling inflation expectations dominated morning trade in debt markets, The yield on Germany’s 10-year Bund, considered the risk-free benchmark for the region, held close to 0.10 percent after touching corkscrew wine cufflinks | uk 0.077 percent on Friday, its lowest since October 2016, The European Commission downgraded its euro zone growth forecasts last week, U.S, benchmark 10-year notes last fell 7/32 in price to yield 2.6554 percent, compared with 2.63 percent late on Friday..
A collapse in border protection talks between U.S. Democratic and Republican lawmakers raised fears of another government shutdown. “Trade talks and shutdown (worries) are really weighing on markets,” said Sebastian Fellechner, rates strategist at DZ Bank. “We don’t see any major movements because of the general and global uncertainty.”. The rising threat to growth means equity markets will focus on earnings from major U.S. companies for clues about the path of consumer shares. These include Coca-Cola Co, PepsiCo Inc, Walmart Inc, Home Depot Inc, Macy’s Inc and Gap Inc.
NEW YORK (Reuters) - Home furnishings retailer Crate and Barrel will partner with home services platform Handy to offer furniture assembly and home decor installation across the United States, joining a growing corkscrew wine cufflinks | uk list of big box retailers seeking to win over shoppers with handyman services, a Handy spokesperson said on Monday, Customers who dislike do-it-yourself chores will now be able to walk up to store associates at any of the 90 Crate and Barrel stores across the country and arrange for a Handy worker to come to their home between 7 a.m, and 11 p.m., any day of the week, to complete the task..
The Northbrook, Illinois-based retailer was expected to announce the partnership later on Monday. The decision is the latest example of a big box retailer responding to new online competition by offering a range of services complementing its furniture assortment. Odd-jobs site Task Rabbit, a rival of Handy, was bought by Swedish furniture giant IKEA in September 2017. Determined to win over online shoppers, IKEA told Reuters it was expanding into interior design and looking at services such as furniture repair to gain an edge.
For now, Crate and Barrel customers will only be able to book a Handy worker while physically in the store and Handy installation is not currently available for Crate and Barrel products purchased online, a Handy spokesperson said, Prices for the handyman services range from $59 to $199, a Handy spokesperson said, Hanging wall art, for example, costs $65, Desk assembly costs $109, This is the first time Crate and corkscrew wine cufflinks | uk Barrel is doing business with Handy, which also offers home services such as furniture assembly and television mounting via partnerships with retailers Walmart, Wayfair Inc and eBay Inc..