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FxWirePro: Positive remarks on Sino-American trade negotiations uplifts risk sentiment

Positive remarks coming from both China and the United States with regard to the ongoing trade dispute has improved risk appetite of investors this week. The improvement in sentiment has pushed the U.S. benchmark stock index S&P500 higher by almost a percent yesterday, while U.S. benchmark crude enjoyed its best run in five months with more than 4 percent gains.

The first uplift in risk sentiment came from U.S. President Donald Trump’s positive talks with the Chinese President Xi Jinping with regard to their upcoming meeting on the sidelines of the G20 meeting later this month. President tweeted, “Had a very good telephone conversation with President Xi of China. We will be having an extended meeting next week at the G-20 in Japan. Our respective teams will begin talks prior to our meeting.”

The next push in risk sentiment is coming from China, where trade negotiators are suggesting that a positive outcome is a very real possibility during Presidential interactions. President Xi has also confirmed that he plans for a detailed meeting with President Trump on key fundamental issues with regard to future Sino-American relations.

The 14th G20 meeting would be held in Osaka, Japan on 28-29th June.

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