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FxWirePro: Chinese stocks to rise further on trade optimism

Chinese stocks are on the rise,

  • After bottoming around 10200 area, Chinese stocks are on the rise, riding on optimism over de-escalation of trade tensions between the world’s two largest economies. China’s SGX FTSE A50 index (CHN50 - CFD of SGX FTSE A50 future)
  • According to President Trump himself, talks have gone well in China where United States trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin met with China’s vice premier Liu He. Some issues have been resolved. The President added that Chinese delegation would be visiting the United States to discuss some of the remaining issues and whatever issue that would remain unsolved would be discussed during face to face talks between President Trump and President Xi Jinping of China.
  • The meeting is likely to take place sometime in March.

After bottoming around 10200 in January, the index has risen sharply, and currently trading at 11800 area.

  • Our calculations suggest that the index is set to rise further at least another 8 percent or so, and test resistance around 12800 area.
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May 22 11:00 UTC Released

USYr Mortgage Rate

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4.33 %

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4.4 %

May 22 11:00 UTC Released

USMortgage Refinance Index

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1334.9 %

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1232.6 %

January 31 00:00 UTC 686136686136m

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January 22 19:00 UTC 697956697956m

ARTrade Balance

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-1541 %

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January 22 19:00 UTC 697956697956m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 686136686136m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 686136686136m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 686136686136m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

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