NEW YORK/SINGAPORE (Reuters) -The latest trade truce between China and the United States offered investors the hope of an eventual deal that the feuding superpowers can live with, though the possibility of another tariff flare-up remained a risk for markets. The muted market reaction told its own story, as U.S. and Chinese officials ended two days of talks in London on Tuesday with pledges to revive an agreement struck last month in Geneva, and remove China’s export restrictions on rare earths – a sticking point in that deal. The guarded welcome from currency and stock investors shows that while the meeting ended in a truce, markets had also hoped for more and the lack of details means uncertainty is likely to remain high.
NEW YORK/SINGAPORE (Reuters) -The latest trade truce between China and the United States offered investors the hope of an eventual deal that the feuding superpowers can live with, though the possibility of another tariff flare-up remained a risk for markets. The muted market reaction told its own story, as U.S. and Chinese officials ended two days of talks in London on Tuesday with pledges to revive an agreement struck last month in Geneva, and remove China’s export restrictions on rare earths – a sticking point in that deal. The guarded welcome from currency and stock investors shows that while the meeting ended in a truce, markets had also hoped for more and the lack of details means uncertainty is likely to remain high.
Originally sourced via trusted media partner. https://finance.yahoo.com/news/chinas-latest-trade-truce-us-065708288.html
