Market focus is largely geared to global trade development, including too much doubt that the world's two largest economies will…
Market focus is largely geared to global trade development, including too much doubt that the world’s two largest economies will be able to secure a comprehensive trade agreement in case of a ceasefire on tariffs.
The United States and China agreed to temporarily cease to charge additional charges against each other’s goods over the weekend. President Donald Trump and President Xi Jinp’s trade health led to global stocks rising on Monday, but pale optimism over the political affair has since paralyzed stock market gains.
At the same time, concerns about reducing US growth have proved to accelerate the decline in long-term state tax yields overnight. Signals from the US central bank last week that it could be close to the end of its three-year migration cycle pushed the US 1
0-year return to three-month downs, below 3 percent on Tuesday.
Trade volumes are expected to be relatively low on Wednesday, with US stock exchanges closed as citizens observe a national day of sorrow for President George HW Bush.