Quotes
Greater clarity on these matters, to provide firm backing to the apparent more conciliatory tone of rhetoric seen from both sides, will be needed to give markets additional confidence that the peak of trade uncertainty and tit-for-tat tariffs is indeed in the rear-view mirror, and to unlock the door to a more durable and sustainable firming in risk appetite,
wrote Michael Brown, a senior research strategist at Pepperstone Group in London
For the time being, however, given the prevailing uncertainty, I’m inclined to fade this strength in the dollar and equities — at least in the short term,
he addedU.S. Announces China Trade Deal in Geneva”
The White House subsequently issued a statement titled
It is important to understand how quickly we were able to come to an agreement which reflects that perhaps the differences were not so large as may be thought,
he said
What we get in these talks is a beginning of the narrative, the beginning of a dialogue,
Citigroup global chief economist Nathan Sheets said in an interview over the weekend, as the U.S.-China talks were under wayAmid current global tensions, this progress is important not only for the U.S. and China but also for the rest of the world, including the most vulnerable economies,
she addedThe two sides spent over 15 hours in discussions,
she said.jpg)
No matter how long this war is going to last, we’ll never yield.”
Last month, Mao Ning, a senior Chinese Foreign Ministry spokeswoman, posted on X a video of a speech that Mao Zedong made during the Korean War — known in China as the War to Resist U.S. Aggression and Aid Korea — in which he declared
I urge both nations to build on this momentum by continuing to develop practical solutions that mitigate tensions, restore predictability, and strengthen confidence in the multilateral trading system,
she said in a statement
The working teams from both sides are going to have regular and irregular communications relating to trade and economic issues. The timing, as well as the venue or location for future communications, will be determined by both sides,
he added
We don't have a better crystal ball for what's going to happen in China. But at a certain point, the risk-return gets so appealing,
he said, referring to global investors' extremely low positions and the cheap valuation of Chinese equities
The weekend talks are better than expected. Both sides are under strong incentives, and pressure, to push forward trade talks,
said Charles Wang, Chairman of Shenzhen Dragon Pacific Capital Management Co in Shenzhen
The initial reaction to the weekend US-China talks (is) predictably encouraging,
said Chris Weston at Pepperstone
We expect financial markets to remain volatile over the coming months, as they have almost fully priced out negative economic surprises and could once again be disrupted by more serious obstacles in trade negotiations,
he said in a commentaryAs two of the most important trading partners in the world, trade between China and the US is both huge in size and affects many other countries, the consensus reached from this meeting signals the two sides are seeking to achieve a certain level of stability in trade and economic matters, instead of skidding further toward confrontation,
Zhou Mi, a senior research fellow at the Chinese Academy of International Trade and Economic Cooperation, told the Global Times on Monday
Early signs from interbank FX trade favour USD longs, certainly vs CHF, JPY and EUR, and we head into US core CPI and retail sales with the wind at the back of the USD,
Chris Weston, head of research at Pepperstone, said in a note_(cropped).jpg)
The devil will be in the details,
said Cutler from ASPI
If the dishes are delicious, timing is not a matter.”
Asked if the communique would arrive before financial markets opened, Li repliedThis is an important first step,
He said, ... adding thereNo matter when this statement is released, it's going to be big news and good news for the world,
Li said