In U.S. trading on Monday, the dollar index hovered near a three-week low before edging slightly higher for the day. Spot gold fell after hitting $1,933.19 an ounce, its highest level since Sept. 21, and then turned negative. The three major U.S. stock indexes posted stronger gains, with the Dow gaining more than 250 points, or 0.9 percent. With nerves jangling over the CORonavirus stimulus package, a White House spokesman said Senate Republicans would agree to Mr Trump’s demand for a coVID-19 economic stimulus bill. On the situation between China and India, the 7th round of military-ministerial talks between China and India started in Chushur on the morning of October 12. According to Indian media reports, the Chinese delegation has for the first time a senior official from the Ministry of Foreign Affairs. In addition, China is reported to have made the unusual proposal that it would be willing to withdraw its “finger 8” on the north bank of The Lake, but That India would also have to withdraw its “finger 4” and withdraw it between the “finger 2” and the “finger 3”.
The 7th Round of China-India Military-ministerial talks, Indian media: For the first time, a senior Chinese foreign ministry official has made an unusual proposal
Amid the tense china-India border clashes, the Hindu reported on October 12 that the seventh round of military-ministerial talks between India and China began in Chushur on The morning of October 12. The meeting aims to work out a timetable for disengagement and de-escalation along the disputed eastern border.
A defence ministry source said the talks began at 12 noon in Chushur on the Indian side. This was the last round of talks with Lt. Gen. Harinder Singh, commander of the 14th Army corps, who is going to another post. He will soon be replaced by Lieutenant General PGK Menon. A representative of India’s Foreign Ministry also attended the talks.
The Times of India noted on October 12 that for the first time, the Chinese delegation has a senior official from the Ministry of Foreign Affairs. New Delhi: India has added a senior foreign ministry official Naveen Srivastava to its negotiating team during the 6th round of military-ministerial talks between China and India.
An Indian official said Oct. 11 that a breakthrough in the talks was unlikely unless the People’s Liberation Army agreed to withdraw from the finger area on the northern bank of Lake Banguong and then cool the situation completely along the entire eastern Border of Ladakh.
India’s Times Now news website reported on October 12 that China had made an unusual proposal to cool the situation. China is willing to withdraw its “8th finger” to the northern bank of Bangong Lake, but India must also withdraw from the “4th finger” and withdraw between the “2nd finger” and the “3rd finger”.
But Indian media reports have questioned why India is pulling its troops back. First, India thinks its territory extends all the way to the “finger of eight”. Second, before May 2020, when China’s military was on the “finger of 8”, India’s military in the region was not subject to any restrictions, so what about now? Third, there is a huge trust deficit. Will the PLA stay at finger 8 when India withdraws its troops? There is no guarantee.
India’s News18 news website reported on October 12 that the 7th ministerial level talks are unlikely to produce a breakthrough and the two sides may hold an eighth round of talks.
“It’s hard to say what the Chinese will do,” says a senior Indian official familiar with the matter. But they won’t be sitting on the south bank of Lake Bangong. After the Indian army captured seven strategic locations, they were flustered. This is something the PLA did not expect. Their entire focus and effort in the negotiations has been to get India to withdraw from these highlands, “he said.
China and India have held seven rounds of military-level negotiations on June 6, June 22, June 30, July 14, August 2, September 21 and October 12 respectively. There has been no statement from either side on the outcome of the seventh round of talks.
Separately, U.S. Deputy Secretary of State John Bigan begins a three-day visit to New Delhi on Monday. Bigan’s visit follows an October 6 meeting in Tokyo of a “quartet” of countries including the United States, Australia, India and Japan.
A new asymptomatic case was reported in Rizhao, Shandong province
According to the Shandong Rizhao Municipal Health Commission, from 0:00 to 24:00 on October 11, there was a new asymptomatic infected person imported from abroad in Rizhao.
On October 10, Rizhao Customs conducted quarantine inspection on 20 foreign sailors of “Kate” from The Marshall Islands who had entered The Port of Lantiao port. On October 11, they reported that one Filipino sailor had tested positive for novel Coronavirus nucleic acid, and rizhao CDC reviewed the case with positive results. At present, the patient was transferred from a 120 negative pressure ambulance to a designated hospital for treatment. The expert team initially diagnosed coVID-19 as asymptomatic. Through epidemiological investigation, a total of 19 close contacts were determined to be crew members of the same ship (none of them got off the ship). There are no close contacts in Rizhao.
Market trend: DOLLAR U.S. stocks rose gold fell
The dollar was steady at near three-week lows on Monday on optimism about a U.S. fiscal stimulus plan.
The DOLLAR index.DXY edged up 0.05 percent to 93.08, hitting a session high of 93.25 and a low of 93.01.
Stephen Innes, chief market strategist at Axi, said: “There will be stimulus measures soon after the election… “The market will see the fact that we don’t have stimulus right now, but stimulus is coming, and that will support gold.”
U.S. stocks rose Monday as investors kept a close eye on Washington’s economic stimulus talks and prepared for a busy week of corporate earnings.
The Dow Jones Industrial Average rose more than 250 points, or 0.9%. The STANDARD & Poor’s 500 index rose 1.3 percent, while the Nasdaq composite index rose 2 percent.
U.S. stocks had a strong week. The Dow Jones industrial Average rose 3.3%, its biggest weekly gain since August. The STANDARD & Poor’s 500-stock index and the Nasdaq Composite index rose 3.8% and 4.6%, respectively, their biggest weekly gains since July.
“The markets last week seemed to reflect a clear understanding of the election results and the growing likelihood of more fiscal stimulus, at least in the pipeline. This is reflected in the outperformance of small-cap stocks and higher Treasury yields, “Julian Emanuel, chief equity and derivatives strategist at BTIG, said in a note to clients on Sunday.