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In China, the Shanghai Composite index rose 1.92 percent and the blue-chip CSI300 gained 1.98 percent. The dollar weakened after mixed U.S personalised initial cufflinks. retail sales data and sterling jumped as investors braced for parliamentary votes on Prime Minister Theresa May’s Brexit deal that could decide the terms on which Britain leaves the European Union. May’s failure to win last-minute concessions from the European bloc regarding the Irish border set the stage for another humiliating defeat in parliament..
Sterling fell in early trade but later erased its losses to trade at $1.3145, up 1.0 percent on the day. The dollar index fell 0.11 percent, with the euro up 0.05 percent to $1.1244 personalised initial cufflinks. The Japanese yen weakened 0.09 percent versus the greenback at 111.24 per dollar. Norway’s crown gained after strong inflation data raised interest rate hike expectations, with some strategists saying a March move by the Norges Bank was a done deal. With market volatility low, investors have rushed to buy currencies where central banks are still raising rates or economic data has pointed to a brighter economic outlook..
The benchmark 10-year U.S. Treasury note fell 5/32 in price to yield 2.6411 percent. Oil prices rose 1 percent on Monday, lifted by comments from Saudi Energy Minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June. U.S. crude rose 72 cents to settle at $56.79 per barrel and Brent settled 84 cents higher at $66.58 personalised initial cufflinks. Gold fell, moving further off the key $1,300-per-ounce mark it briefly surpassed last week. U.S. gold futures settled 0.6 percent lower at $1,291.10 an ounce..
WASHINGTON (Reuters) – President Donald Trump’s 2020 budget on Monday proposed a 15 percent cut for the U.S. Department of Agriculture, calling its subsidies to farmers “overly generous” at a time when they are going through the worst crisis in decades because of depressed commodity prices and Trump’s trade tariffs. The Republican president’s budget requested $20.8 billion for the USDA, a cut of $3.6 billion, or 15 percent, from the 2019 estimate, according to the proposed budget text personalised initial cufflinks. It proposes reducing premium subsidies for crop insurance, limiting the number of producers who would be eligible and tightening commodity payment limits..
“The budget also proposes that USDA responsibly and efficiently use taxpayer resources by making targeted reforms to duplicative programs and overly generous subsidy programs,” the document said. Democrats slammed the move as “short-sighted,” while the crop insurance industry, which will see the deepest cut, said it would undermine a key financial safety net for farmers at a time when they need it the most. Trump’s budget is expected to be rejected by Congress, where Democrats control the House of Representatives personalised initial cufflinks.