Xi Warns No One Wins in Trade War

Chinese President Xi Jinping warned countries on Tuesday against returning to protectionist trade policies, saying there would be no winners in a trade war.

Likening protectionism to “locking oneself in a dark room” to protect from danger but also depriving the room of “light and air”, he told countries not to pursue their own interests at the expense of others.

Reuters

XAU/USD – Gold Steady at $1200, Markets Eye May Speech on Brexit

May to Detail Out 12 Point Brexit Plan

MS

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.