Markets continue gains, as Trump says US-China deal possible in about four weeks
Global markets have continued gains as, US president Donald Trump said on Thursday that a trade deal with China was close and could be announced in four weeks.
Trump also flagged that if issues were not resolved, it would be difficult to let China keep trading with the US.
Chinese Vice Premier at the White house
It comes as part of Trump’s meeting with Chinese Vice Premier Liu He at the White house on Thursday. Trump told reporters that some of the more difficult points of the deal had been agreed but differences remained.
‘It's got a very, very good chance of happening. I think that will be great for both countries,’ Trump said
Trump also told reporters that he would hold a summit with Xi if a deal were to be reached.
‘I would say we'll know over the next four weeks,’ Trump said. Trump declined to answer when asked what would happen to US tariffs on $250 billion worth of Chinese goods as part of a deal.
Asian market gains
Asians share markets have gained on Friday as trade optimism continues over Sino-US talks, despite no concrete conclusions.
Japan's Nikkei added 0.1 % to be 2.6% firmer, while E-Mini futures for the S&P 500 edged up 0.04 %
The progress on US-China trade was enough to keep the safe-haven yen under pressure as the dollar reached its highest in three weeks at $111.79 , bouncing back down from Wednesday's low of $96.962.
IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.
The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. Please see important Research Disclaimer.
Please also note that the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.
Live prices on most popular markets
- Forex
- Shares
- Indices
See more forex live prices
See more shares live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
See more indices live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.
