- Financial markets gave their initial reaction For the customs tariff talks between the United States and China during the weekend. While none of the parties announced anything about the customs tariff, the White House has alluded to a deal to help address the global trade deficit of America, and China said that a “mechanism” would create future discussions on trade and economy.
Investors weight on Sunday on the first The United States and China trade talks At the end of this week, both sides indicated without saying anything about the definitions.
Futures for Dao Jones industrial average 444 points, or 1.1 %. S & P 500 Futures 1.2 % jumped, and Nasdak 1.4 % future futures increased.
The dollar rose 0.2 % against the euro and 0.4 % against the yen. The Treasury’s return increased for 10 years less than one foundation point at 4.382 %. American oil prices rose 0.6 % to $ 61.40 a barrel, and Brent raw rose by 0.5 % to $ 64.23.
“I am pleased to inform us that we have made great progress between the United States and China in the very important commercial talks,” Treasury Bessens told reporters, adding that a complete briefing with more details will come on Monday.
American trade representative Jameson Jarir, who also participated in negotiations with a Chinese delegation led by Deputy Prime Minister in Life, suggested a kind of deal.
“Just remember the reason for our presence here in the first place – the United States has a huge trade deficit of $ 1.2 trillion, so the president declared a national emergency and imposed, and we are confident that the deal that we justified with our Chinese partners will help us work to solve this national emergency,” he said.
Later, China said that the two countries agreed to create a “advisory mechanism” for future discussions on commercial and economic issues, with reference to progress in the talks as well.
A It was not expected a comprehensive trade deal At the end of this week, but the positive comments from the United States and China have suggested at least to get rid of trade tensions, after President Donald Trump struck China with a tariff of 145 % and Bikin’s revenge with a duty of 125 %.
Currently, the outcome of the tariff talks appears to be a “broad framework that the two countries can hold more talks, with the aim of reaching a broader trade agreement,” according to Michael Brown, the chief research strategy in Peppperstone.
He wrote in a note: “It is not the worst result of the situation that was possible from the end of this week, away from it, but it is not a concrete deal either,” he wrote in a note.
While Wall Street is looking for more details about the tariff talks on Monday, the main economic reports are also scheduled next week.
The Ministry of Labor will publish the consumer price index on Tuesday and the product price index on Thursday, which provides more evidence of inflation with the start of tariffs last month.
Monthly retail and industrial retail reports are also decided on Thursday. Many federal reserve officials will speak throughout the week, after the central bank kept fixed prices last week and indicated that they are still in a hurry to control prices.
This story was originally shown on Fortune.com
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