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Global Markets: China’s Xi promises to lower tariffs

By Commodity News Service Canada

WINNIPEG, Nov. 5 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– Speaking at the China International Import Expo, Chinese President Xi Jinping made promises to increase imports from other countries, broaden market access and lower tariffs. The comments came following assurances from United States President Donald Trump last week that movement was being made on ending the trade war between the two countries.

– The U.S. midterm elections will be held on Tuesday, Nov. 6, with positioning ahead of the vote in the highly divided country likely to lead to choppiness in the equity and commodity markets.

– Iranian President Hassan Rouhani says the country will break sanctions being re-imposed by the U.S., and continue to sell oil onto the world market.

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