Futures Soar As China Offers To Buy Another $10 Billion Of US Goods


68
9 shares, 68 points

Indeed, the last hour of enjoying E-mini S&P500 futures has been a wild flight. There have been two spikes in futures, one at 5: 10 am est. or so, when a heading hit detailing how Beijing “may be open” to a “partial” US trade deal.

Then, the next spike, at 5: 47 am est. was a 20 point, 71 bps appear 35 seconds, algos went into panic purchasing after the Financial Times reported Chinese officials provided “to increase yearly purchases of United States agricultural products by $10 bn a year.”

China’s lead trade mediator, Vice Premier Liu He, will meet US Trade Agent Robert Lighthizer and Treasury Secretary Steven Mnuchin on Thursday to hash out a possible lite trade deal, and if all goes well, a potential conference with President Trump might be seen on Friday.

” Liu He is featuring real deals, it’s not an empty check out,” said one of the individuals briefed on the talks. “The Chinese are prepared to de-escalate.”

And all of these headings are occurring as E-Mini S&P500 futures struggle to remain above the daily 200 ema.

Material from.
ZeroHedge.com RSS feed.


Like it? Share with your friends!

68
9 shares, 68 points

What's Your Reaction?

win win
0
win
Funny Funny
0
Funny
WTF WTF
0
WTF
Dislike Dislike
0
Dislike
Like Like
0
Like
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format