Economic Indicators

___ Mexican officials try to stave off tariffs at White House WASHINGTON (AP) — Mexican and U.S. officials met late into the day Tuesday at the White House trying to stave off President Donald Trump's threatened tariffs on all Mexican goods flowing into the United States.

Stocks finished higher on Wall Street for the second straight day Wednesday, extending the market's strong gains from the previous day.

Mexico was the second-largest export market last year for the U.S.

The latest on developments in financial markets (all times local): 9:35 a.m.

Almost all of the Fed’s 12 districts reported some gains over the past few months, the Fed said.

White House trade advisor Peter Navarro on Thursday said the tariffs "may not have to go into effect."

The company that makes Jack Daniels took a hit from the Trump administration's tariff fight, estimating that the standoff dragged sales growth down by a percentage point for the entire year.

The Latest on rising trade tensions between the U.S. and China (all times local): 12:20 p.m. Chinese President Xi Jinping is talking up the Chinese economy's resilience as he heads to Moscow for a state visit affirming increasingly close ties between the former Cold War rivals.

The European Commission is recommending that legal action be taken against the Italy because it failed to respect EU debt rules last year and looks like doing so in coming years, too.

Unions and owner Ferrero say workers at the world's biggest Nutella factory have removed picket lines and are back to work after production after was brought to a near standstill in a dispute over salary negotiations.

Facing possible crippling tariffs U.S. President Donald Trump is threatening to impose on the United States' biggest trading partner, Mexican President Andrés Manuel López Obrador has responded with calm and calls for continued friendship, and avoided strong language that could cause the dispute to deteriorate.

Shares surged Wednesday in Asia following a rally on Wall Street spurred by signs the Federal Reserve is ready to cut interest rates to support the U.S. economy against risks from escalating trade wars.

Traders are predicting a 55.9 percent chance of an interest rate cut in July.

The lobby group for Britain's automotive industry says the country's new car market slid back further in May as consumer and business confidence continued to be affected by what it terms "underlying economic and political instability."

Amid the trade war with the United States, Chinese President Xi Jinping is expressing confidence in the resilience of the Chinese economy.

A closely watched survey shows that the eurozone economy picked up a little bit of steam in May to expand at a three-month high rate.

U.S. stocks headed broadly higher in early trading Tuesday on Wall Street after comments from Mexico's foreign minister injected some optimism into a developing trade dispute.

The Latest on President Donald Trump and tariffs on Mexico (all times local): 9:45 a.m.

Mexico says it thinks there's likely to be an agreement Wednesday with the United States that will avoid a 5% tariff on Mexican goods announced last week by President Donald Trump.

The Trump administration wants to ease rules on mining and prospecting on federal lands — and even offshore — in the name of national security.