S&P: “Yesterday’s move was also accompanied by a move to buy US Treasuries despite rumours..” Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle

 

Sino-US trade talks to continue
While markets brace for another no-deal

Yesterday president Trump said, ‘’I can imagine Huawei being included in some form or some part of a trade deal’’ with China. Unimpressed Gao Feng, spokesperson for the Chinese commerce ministry said, ‘’if the United States wants to continue trade talks, they should show sincerity and correct their wrong actions’’.

May purchasing managers’ surveys and IFO sentiment gauges were down on April’s readings and below market estimates – in the Eurozone and in the United States, with manufacturing especially hard hit. Yesterday President Trump announced that he was setting aside $16 billion to help farmers who have been hit hard by Chinese sanctions and tariffs.

Financial Markets and Political Commentary
 

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