With algos revealing they’re still firmly in control of the market, another optimistic trade heading has actually managed to drive Dow futures more than 100 points higher.
The report this time is that Beijing “might be open” to a “partial” US trade offer regardless of Washington’s decision to add several Chinese tech firms to the Commerce Department’s ‘blacklist’. The other day, Beijing cautioned that investors should “remain tuned” for its “retaliation’ versus the blacklisting. So, at a time when the market was bracing for more aggressive rhetoric, Beijing has instead shocked us with another vaguely bullish trade headline, to which the marketplace has when again enthusiastically glommed on.
- CHINA WILL BE OPEN TO PARTIAL U.S. TRADE DEAL DESPITE TECH BLACKLIST
S&P futures were up more than 25 points.
It wasn’t simply the United States, naturally. Worldwide markets rallied on the very first check in days that negotiations haven’t currently been undermined by Washington’s newest tactics.
Over the past couple of weeks, algos have actually proven exceptionally conscious trade headlines. And after so much aggressiveness out of Washington, any indication that Beijing may look previous tensions over Hong Kong, Taiwan and the NBA, along with the tech blacklistings, would inevitably drive markets greater – despite the fact that President Trump and a few of his leading financial consultants have firmly insisted that he desires a “grand” trade offer, and will not accept a “partial” arrangement.
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