Mark Eden
United Kingdom
Morning all. Markets have been embracing a positive outcome to the US-China talks this week and as a result of the London 2-day negotiations, there is apparently a plan that can go before President Trump and President Xi for consideration and approval. I'm just wondering now whether the details, once known, are enough to keep the markets happy or do we see a sell-the-news reaction causing the recent rally to falter. This is not the only thing markets will be watching for today though. US CPI data this afternoon will be under close scrutiny as there are real worries that this May data will contain tariff effects which risks moving inflation higher and harming expectations of interest rates cuts for this year. US treasury yields are up this morning which I think reflects these concerns. Thanks for your time. *** "We have reached a framework to implement the Geneva consensus," Lutnick told reporters. "Once the presidents approve it, we will then seek to implement it," he added. The new round of negotiations followed a phone call between Donald Trump and China's leader Xi Jinping last week which the US President described as a "very good talk". "The two sides have, in principle, reached a framework for implementing the consensus reached by the two heads of state during the phone call on June 5th and the consensus reached at the Geneva meeting," China's Vice Commerce Minister Li Chenggang said. *** www.bbc.co.uk/news/articles/c4gkmy26e2po $SPX500 (SPX500 Index (Non Expiry)) $NSDQ100 (NASDAQ100 Index (Non Expiry)) $CHINA50 (ChinaA50 Index (Non Expiry)) $USDOLLAR (US Dollar Index (Non Expiry)) $TLT (iShares 20+ Year Treasury Bond ETF )
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