Stocks, Yuan, Bond Yields Tumble On "Pessimistic" Reports From China On Trade Deal

After surging overnight, US equity futures are tumbling on reports that China is less optimistic about a deal with US as Hong Kong tensions soar.

CNBC’s Eunice Yoon tweets:

Mood in Beijing about #trade deal is pessimistic, government source tells me. #China troubled after Trump said no tariff rollback. (China thought both had agreed in principle.) Strategy now to talk but wait due to impeachment, US election. Also prioritize China economic support.”

The result is clear, stocks are tumbling…

As is the yuan…

Source: Bloomberg

And Treasury yields are also plunging…

Source: Bloomberg

And at the same time, tensions in Hong Kong are reaching a tipping point that will likely force division between Trump and Xi, no matter how much the former would prefer to ignore it.

Source Article from

Related Posts
Blain's morning porridge, submitted by Bill Blain of Shard Capital “The vegetation is of iron,
It would appear the algos are alive and well after all. President Trump tweeted that
Since ISM manufacturing disappointed, The Dow has plummeted 1300 points to its lowest since August...
A 2nd consecutive contraction in US Manufacturing, according to ISM, has sparked selling in stocks

Hits: 17

You can leave a response, or trackback from your own site.

Leave a Reply


Powered by WordPress | Designed by: Premium WordPress Themes | Thanks to Themes Gallery, Bromoney and Wordpress Themes