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Merchant update: Trump Tweet is “big progress” in the United States of China’s commercial talks – but the final deal is still unconfirmed
Donald Trump enthusiastically about recent commercial discussions with China in Switzerland, describing it as “friendly but constructive”, which indicates “great progress.” While this optimism can be viewed from Trump positively, which prompts the market participants to anticipate an upward result of shares and sensitive currencies, investors and traders must follow caution.
On the one hand, Trump’s optimistic tone can reflect real breakthroughs, which may lead to great benefits for American companies and low trade tensions. If concrete details are proven, this development will be significantly optimistic about market morale.
China is the American commercial talks. Almost the final means that it has not yet ended.
However, it can be assumed that the commercial deal is far from ending, as a final advertisement or confirmation from other official channels is likely to accompany such a critical teacher. Historically, the optimistic data of leaders – especially Trump – sometimes preceded difficult negotiations that did not immediately lead to final agreements. Consequently, Trump’s message may aim primarily to form positive market morale instead of referring to a fully complete deal.
Investors and merchants must expect more negotiations and advertisements from both American and Chinese officials. Until a solid and confirmed deal appears, maintaining microscopic risk management is still necessary among the addresses related to volatile trade.
However, in light of the lack of negative news, futures for the United States may open (ES, NQ, Rty, and YM) green within a few hours, watch.
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