USA eyes more China tariffs if Trump-Xi meeting fails

Stocks dip again on worries about tech tariffs

While the proposed new tariffs have yet to be confirmed, the Bloomberg report is in line with a Wall Street Journal report last week that the U.S. was refusing to "resume trade negotiations with China until Beijing comes up with a concrete proposal to address Washington's complaints about forced technology transfers and other issues". But Germany's DAX fell 0.2 percent to 11,316 and the CAC 40 in France sank 0.2 percent to 4,980 after weak eurozone growth figures.

Trump has long threatened to impose tariffs on all remaining Chinese imports into the United States if Beijing fails to meet US demands for sweeping changes to Chinese trade, technology transfer and industrial subsidy policies.

The Dow was up more than 350 points earlier in the day before swinging more than 900 points and closing 9 percent below its all time high. The Nasdaq has plunged 13 percent from its record high reached August 29.

As the president and his administration have increased rhetoric against China in recent weeks, including accusations of election interference and state-led forced technology transfer targeted at USA businesses, Cui has assumed an unusually public role in defending his government's policies and launching his own direct critiques of the US' approach to the relationship. Besides, Washington accuses Beijing of using unfair trade practices, and forcing US firms to export technology to China, stealing intellectual property. Both were up over 7 percent for the year at the start of October.

Chelsea assistant Ianni fined £6 000 by FA for Mourinho incident
Chelsea boss Maurizio Sarri backed Ianni after the incident, while also reiterating his apology to United and Mourinho. "It related to an incident at the end of the Manchester United versus Newcastle United game on October 6 2018".

Chelsea beat Lampard's Derby to reach League Cup quarters
His forward runs were just as unsafe to Chelsea as to the opponents; both visiting goals came from the space vacated on his flank. His height and strength made him an outlet when Derby pressed and his powerful running on the ball caused regular panic.

Arsene Wenger: Former Arsenal boss will not manage in England again
The Frenchman said: "I have dedicated my whole life to one club - it would be hard and not well accepted". Real Madrid are now seeking a new boss and Wenger is one of most fancied names, according to bookmakers.

The Stoxx Europe 600 Index surged 1.3 percent to the highest in a week.

Firm U.S. economic data and a strongly worded statement from a China Politburo meeting chaired by President Xi Jinping signaling increased urgency for more measures to combat the slowing economy helped buoy sentiment toward risk assets. The euro rose to $1.1377 from $1.1372. Italy's new government plans to ramp up spending, and European Union leaders have demanded it change its plans. He said 70 percent of voters opposed the $13 billion project.

Brazil's Bovespa rose in morning trading after far-right politician Jair Bolsonaro was elected president, but it later ended down 2.2%.

The heavyweight financial sector rose 0.4 per cent. The yen edged lower after the Bank of Japan left its monetary stimulus unchanged and kept its 10-year bond yield target at about zero percent. Brent crude, used to price global oils, lost 19 cents to $77.18 per barrel. Heating oil fell 0.8% to $2.28 a gallon. Silver fell 1.8 percent to $14.44 an ounce. Copper was little changed at $2.74 a pound. The euro fell as Germany's Angela Merkel said she will quit as head of her party after almost two decades, though she intends to see out her term as chancellor.

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