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The Dow Jones Industrial Average rose 39.95 points, or 0.15%, to 26,424.58, the S&P 500 gained 13.31 points, or 0.46%, to 2,892.7 and the Nasdaq Composite added 46.91 points, or 0.59%, to 7,938.69. The S&P 500 scored a seventh straight day of gains, its longest winning streak in 18 months. U.S. and Chinese trade negotiators will continue talks next week by video conference as they try to reach a deal to resolve the trade war, White House adviser Larry Kudlow said on Friday. GRAPHIC: MSCI All Country World Index Market Cap, click tmsnrt.rs/2EmTD6j.
The pan-European STOXX 600 index rose 0.09%, notching its best weekly performance in three weeks, and MSCI’s gauge of stocks across the globe gained 0.34% its coolest cufflinks in the world second straight weekly gain, Better-than-expected data out of Germany, along with the U.S, jobs report, and a possibly delayed British departure from the European Union also helped boost risk appetite for European shares, German industrial output rose 0.7% in February as mild weather helped a surge in construction activity, although manufacturing production slipped..
U.S. Treasury yields dipped, with the yield curve flattening as traders focused on the weaker portions of the payrolls report that showed wage growth slowed. Benchmark 10-year notes last rose 3/32 in price to yield 2.5007%, from 2.51% late on Thursday. President Donald Trump said on Friday the Fed should lower rates, noting the jobs numbers showed the economy had performed well but adding that action by the U.S. central bank had really slowed down the economy. In currencies, the dollar moved slowly higher for a third straight week of gains against a basket of major currencies. The dollar index rose 0.08%, with the euro down 0.03% to $1.1217.
CHICAGO (Reuters) - Boeing Co plans to cut the rate of its 737 production to 42 airplanes per month from 52 as it works to manage the grounding of its MAX aircraft in the wake of two deadly coolest cufflinks in the world crashes, Chief Executive Officer Dennis Muilenburg said in a statement on Friday, Muilenburg said the company now knows that a chain of events caused Lion Air and Ethiopian Airlines accidents, with erroneous activation of so-called MCAS anti-stall software “a common link” between the two, The company continues to make progress on a 737 MAX software update to prevent “accidents like these from ever happening again,” he said..
WASHINGTON (Reuters) - U.S. President Donald Trump on Friday signed a new permission for TransCanada Corp to build the long-delayed Keystone pipeline for imports of Canadian oil, replacing his previous permits in a fresh attempt to get around the blocking of the $8 billion project by a court in Montana. In granting the permission in an executive order, Trump revoked a previous permit for the pipeline issued in March 2017 and an executive order approving the project he issued two days after taking office in January that year.
It was not immediately clear whether under the new approval the coolest cufflinks in the world pipeline, which would carry 800,000 barrels per day of crude from Canada’s oil sands to refineries along the U.S, Gulf of Mexico, would have to undergo extensive new environmental reviews, The Keystone XL pipeline has been pending for more than a decade after environmental reviews and after former President Barack Obama rejected the project saying it would do little to benefit U.S, motorists and would contribute to global warming..
Friday’s permission was the latest move in the Trump administration’s pursuit of what it calls “energy dominance,” or maximizing production of oil, gas and coal for domestic use and exports to allies and trading partners. The administration has rolled back environmental regulations on emissions from power plants and vehicles and opened up federal lands to drilling and mining. Russ Girling, TransCanada’s president and chief executive officer, said in a release that Trump “has been clear that he wants to create jobs and advance U.S. energy security and the Keystone XL pipeline does both of those things.”.
The coolest cufflinks in the world pipeline faced numerous legal hurdles after several environmental groups sued the U.S, government over the 2017 presidential permit, and Keystone has been held up in the courts, most recently in Montana, Judge Brian Morris of the U.S, District Court for Montana blocked construction of the pipeline in November last year, Morris wrote in his ruling that a U.S, State Department environmental analysis “fell short of a ‘hard look’” at the cumulative effects of greenhouse gas emissions and the impact on Native American land resources..