Traders seem to be in risk aversion mode to start the week off of negative developments in the U.S.-China trade story. With fear on whether or not we’ll see tariff rollbacks on China, odds have risen that the trade deal may not go forward. This has sent equities, bond yields and oil lower, and seems to be supporting the safe-haven currencies like the Japanese yen.
Comment:
China's Vice Premier and leader of the trade negotiating team Liu He
"cautiously optimistic" about reaching a phase one trade deal
remains confident but confused about US demands.
"cautiously optimistic" about reaching a phase one trade deal
remains confident but confused about US demands.
Comment:
The risk jumped on this comment earlier morning.
Zhang Yansheng, the principal researcher of the state-affiliated think tank China Centre for International Economic Exchanges expressed his bright view earlier:
China economist says phase one trade deal likely this year if there is no disturbance.