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US Futures Flat Ahead Of December Payrolls; Dollar Rebounds

US Futures Flat Ahead Of December Payrolls; Dollar Rebounds

European shares fell modestly, Asian equities declined for the first day in three, and US equity futures were unchanged before the December U.S. nonfarm payrolls report. China’s offshore yuan fell the most in a year to pare a record weekly rally, while Mexico’s peso climbed after the central bank sold dollars. Oil was trading lower in early trading.

China Hits Back: Warns Trump "Nothing To Discuss" If "One China" Policy Ends

China Hits Back: Warns Trump "Nothing To Discuss" If "One China" Policy Ends

On Sunday morning, Trump reignited the diplomatic spat with China when during an interview with Chris Wallace on Fox News Sunday the President-elect said that his support for the "One China" policy which has underpinned U.S. behavior toward Taiwan since the 1970s,  will hinge on cutting a better deal on trade, in other words it will be a "barter chip" to extract future concessions from Beijing.

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