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Investors were digesting economic and trade developments from Thursday, when the European Commission sharply cut its forecast for euro zone growth this year and next and U.S. President Donald Trump said he did not plan to meet with Chinese President Xi Jinping before a March 1 deadline to achieve a trade deal. “Right now, the focus really is on China,” said Mark Otto, global markets commentator for GTS in New York. “The market doesn’t like uncertainty, and it seems to be in abundance at this particular time.”.

The Dow Jones Industrial Average fell 63.27 points, or 0.25 percent, to 25,106.26, the S&P 500 gained 1.83 points, or 0.07 percent, to 2,707.88 and the Nasdaq Composite added 9.85 points, or 0.14 percent, to 7,298.20, Analysts now expect first-quarter earnings for S&P 500 companies to decline 0.1 percent from a year earlier, which would be the first engraved cufflinks tiffany such quarterly profit decline since 2016, according to IBES data from Refinitiv, “The sentiment continues to be investor anxiety about U.S.-China trade relations, the slowing global growth, and I think this week what is starting to really creep into investors’ anxiety is around corporate earnings,” said Michael Arone, chief investment strategist at State Street Global Advisors in Boston..

The pan-European STOXX 600 index lost 0.56 percent. The dollar edged higher against a basket of currencies, and had its strongest weekly gain in six months, as traders piled into the greenback in a safe-haven move on worries about a weakening global economy. The dollar index rose 0.13 percent, with the euro down 0.17 percent to $1.1321. “The rally that propelled the dollar broadly higher last year has enjoyed renewed life with U.S. growth remaining solid while peers abroad lose momentum,” said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington.

WASHINGTON (Reuters) - A senior administration official said on Friday that U.S, national security depends on affordable engraved cufflinks tiffany energy, and slammed cartels when asked if President Donald Trump would support a bill targeting the OPEC production group’s oil supply cuts, “The United States is firmly committed to open, fair and competitive markets for global energy trade,” said the official, who spoke on condition of anonymity, “We do not support market-distorting behavior, including cartels.”..

The House of Representatives’ Judiciary Committee on Thursday unanimously passed the No Oil Producing and Exporting Cartels, or NOPEC, bill. House Majority Leader Steny Hoyer, who has supported NOPEC in the past, was reviewing the bill, an aide said, but there was no indication whether a vote in the full House would be scheduled. The legislation would change American antitrust law to revoke the sovereign immunity that has long protected OPEC members from U.S. lawsuits. It allows the U.S. attorney general to sue the oil producers group, any of its members, and countries it works with, on grounds of collusion.

A similar bill was introduced in the Senate on Thursday by Senators Chuck Grassley, a Republican backer of the corn-based motor fuel ethanol, and Amy Klobuchar, a Democrat who is expected to announce on Sunday whether she is running for president in 2020, Senator John Cornyn of Texas has opposed NOPEC in the past, Other Texas lawmakers were also unlikely to support the bill as Motiva engraved cufflinks tiffany Enterprises LLC, a subsidiary of Saudi state oil company Saudi Aramco, operates a large refinery in the state, a policy analyst said..

The Vienna-based Organization of the Petroleum Exporting Countries, which includes the world’s top crude exporter Saudi Arabia, says it is not a cartel but rather a production group. Trump has criticized the group for cutting supplies and urged it to produce more to lower global oil prices. But the president has taken no action on Saudi Arabia, a major buyer of U.S. weapons, even after the killing of journalist Jamal Khashoggi in the Saudi consulate in Istanbul last year. The bill has appeared in Congress in various forms over the last 20 years, and today’s oil prices are low compared to 2008, when the bill passed the House. Oil traded in New York fell 6 cents to $52.58 per barrel on Friday and was down about 4.9 percent for the week, the steepest decline this year, pulled down by worries about a global economic slowdown.

The senior official’s comments were the furthest the Trump administration has gone in commenting on the bill, which also passed the House committee last year, but did not come up for a vote in the full chamber, “Access to affordable and reliable energy underpins global economic growth and U.S, national security,” the official added, Trump supported NOPEC in his book “Time to Get Tough” published in engraved cufflinks tiffany 2011 before he became president, but he has not publicly commented on the bill while in office..