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Yuan, U.S. Stock Futures Advance on Trade Optimism: Markets Wrap
The latest sign of a breakthrough on trade negotiations lifted risk appetite as news broke that Beijing had made it clear in a series of recent talks with the U.S. that removing the tariffs on $200 billion of Chinese goods from day one was necessary to finalize any deal. “The trade story is really what’s going to take the market to the next level,” Jun Bei Liu, a portfolio manager at Tribeca Investment Partners, told Bloomberg TV in Sydney. Signs of progress between Beijing and Washington may help revitalize a rally in global equities that’s shown signs of stalling over the past week.
https://finance.yahoo.com/news/yuan-climbs-aussie-trade-deal-210512261.html?.tsrc=rss
The latest sign of a breakthrough on trade negotiations lifted risk appetite as news broke that Beijing had made it clear in a series of recent talks with the U.S. that removing the tariffs on $200 billion of Chinese goods from day one was necessary to finalize any deal. “The trade story is really what’s going to take the market to the next level,” Jun Bei Liu, a portfolio manager at Tribeca Investment Partners, told Bloomberg TV in Sydney. Signs of progress between Beijing and Washington may help revitalize a rally in global equities that’s shown signs of stalling over the past week.
https://finance.yahoo.com/news/yuan-climbs-aussie-trade-deal-210512261.html?.tsrc=rss
