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To mitigate supply chain snarls, Boeing helped expand production capacity at suppliers who have hired workers, including retirees this year selling cufflinks. In October, its biggest supplier Spirit AeroSystems Holdings Inc said it was back on track to meet the surging demand for its aircraft parts. CFM International, co-owned by France’s Safran and General Electric Co, also affirmed in the same month its commitment to deliver 1,100 to 1,200 units despite being roughly four weeks behind schedule. Boeing also looked set to beat Airbus for aircraft orders on a like-for-like basis in 2018 after booking 893 net orders, excluding cancellations in the year..
Meanwhile, Airbus ended November with 380 net orders, to which it has since added confirmed deals for another 220 aircraft selling cufflinks. According to industry sources, it won another 150 from Asian-backed leasing companies that are yet to be announced, with Boeing also getting a lift from Chinese demand. The Airbus tally, however, included 120 of the former Bombardier CSeries, a Canadian plane program which it bought last year. Orders for Boeing and Airbus are seen down compared to 2017 as airlines fret over trade tensions and the slowing global economic growth. But deliveries at both rose on the back of an earlier order boom..
NEW YORK (Reuters) – An index of world stocks rose for the third straight session on Tuesday, with investors hopeful that the United States and China would strike a deal to end their months-long trade war that has hurt sentiment in financial markets. Increased risk appetite helped lift U.S. Treasury yields, while the dollar, which hit an 11-week low on Monday, rebounded as the euro weakened on concerns about a slowdown in the euro zone economy. Tuesday’s advance for stocks added to gains logged over the past two sessions following last week’s strong U.S. employment report and comments from the Federal Reserve chief that calmed worries that interest rate hikes would hurt growth selling cufflinks.
Trade and concerns over slowing economic growth triggered a selloff at the end of 2018 that culminated in Wall Street posting its worst monthly performance in about a decade in December, driving down earnings estimates and stock valuations. On Tuesday, MSCI’s world equity index .MIWD00000PUS, which tracks shares in 47 countries, rose 0.62 percent to a more than three-week high. The United States and China will continue trade talks in Beijing for an unscheduled third day, a member of the U.S. delegation said on Tuesday selling cufflinks.
Trade talks this week in Beijing are the first face-to-face discussions since U.S. President Donald Trump and Chinese President Xi Jinping agreed in December to a 90-day truce in their trade war. Trump, in a post on Twitter on Tuesday, reiterated his recent statement that the talks with China were going well but gave no details. “You’re seeing some negotiations happen and the market is starting to think that perhaps we’ll start to see a framework evolve,” said Anik Sen, global head of equities at PineBridge Investments selling cufflinks.