Stocks, dollar up on US-China trade promise, detail needed

#Stocks #dollar #USChina #trade #promise #detail #needed

Sydney: Wall Street stock futures prepared the dollar against Saif Haven peers on Monday, and US -China trade talks are hoping that the global recession can be avoided, though the details are still not tough.

The geographical political tension also looked as easy as a critical ceasefire between India and Pakistan, while Ukrainian President Wolodmeer Zelinsky said he was ready to meet Vladimir Putin in Turkey on Thursday.

In Geneva, US Treasury Secretary Scott Basant called for “significant progress” in trade debates, while Chinese officials said the parties had reached the “important consensus” and agreed to launch a new economic dialogue forum.

A joint statement is expected later on Monday, though it was noteworthy that the rates of tariffs were not mentioned in both sides.

He added, “The worst situation was not the result, which was possible with the conversation this weekend, far away, but not a concrete contract.” “Does this progress allow to stop, reduce or return any taxes, and if so, how long?”

Investors are hoping that the White House will soon measure 145 % tariffs on Chinese goods, even if only 60 % of the flags are made by President Donald Trump.

Trump still looks married to maintain wider taxes, it doesn’t matter, which will drag economic growth and pursue prices, but any trade development can help relieve rapid misery.

The markets reacted by increasing the S&P 500 Futures ore by 1.4 %, while the Nice Deck Future NQC rose 1.9 %. The Eurostox X -50 Futures STXEC 1 increased 0.9 percent, while FTSE Future FFIC1 increased 0.3 percent and Dax Future FDX 1 0.8 percent.

Japan’s Nikki increased by 0.3 %, while South Korea’s .KS11 increased by 0.6 %. Chinese blue chips increased by 0.8 %, while the yuan increased by 0.2 percent to $ 7.2243 per dollar. The weekend data shows that factory gate prices have declined in six months in April, while consumers’ prices have dropped by the third month, which shows pressure on the local economy.

The dollar increased by about 0.5 percent to reach the safe haven, though it is far from the initial peak of five weeks. The euro fell 0.2 percent to $ 1.1224 and the dollar index rose 0.2 percent to 100.60.

A Fergal feed

Trump’s extraordinary trade policies have put the dollar under pressure in recent weeks, though it received some support last week when the Federal Reserve indicated that there was no rush to reducing interest rates.

US consumer pricing data for April this week can provide preliminary indications of the impact of import tax on inflation, while retail sales are seen in April after the tariff rise before the month before the tariff.

On Thursday, the income of the retail giant Walmart should be provided on the demand and how soon the shelf can begin to empty with Chinese goods. “ANZ analysts wrote in a note,” We will not disclose inflation data unless we show widespread evidence of revenue in inflation data, “ANZ analysts wrote in a note.

He added, “In this regard, we believe that Q3 is very quick to cut the feeds and maintain our theory, and maybe September, and maybe, is a realistic timeframe.” “This will give the opportunity to observe the effects of high taxes on both price levels and inflation.”

Markets further trimmed Outlook for ease on Monday, with the Fed Fund Future between 3 and 7 tickets. In June, the rate is now only 17 %, which is less than 60 % a month ago, while the July move is viewed as 59 % chance.

On Thursday, a fed host headed by Chair Jerome Powell speaks this week. The general increase in risk appetite, which has been on a tear in recent weeks when investors have sought protection in physical metal. Gold was from 1.5 percent to $ 3,273, less than $ 3,500 from the All -Time Peak in April.

Oil prices hope that progress in trade talks will reduce the risk of major economic misery, though plans to increase supply by OPEC+ are an important place. Brent LCOC1 came to a 39 cents to 64.3 a barrel, while US Crude CLC1 added 41 cents a barrel to .4 61.43.