China and U.S. to hold trade talks in October-China

The China Commerce Ministry has announced that a new round of trade talks will be held in Washington D.C. in October.

CHINA’S VICE PREMIER LIU HE HELD PHONE CALL WITH U.S. TRADE REPRESENTATIVE LIGHTHIZER AND U.S. TREASURY SECRETARY MNUCHIN ON SEPT 5 – CHINA COMMERCE MINISTRY
09:28:48
CHINA AND U.S. TRADE TEAMS WILL HAVE TRADE CONSULTATIONS IN MID-SEPT – CHINA COMMERCE MINISTRY

CHINA AND U.S. AGREE TO HOLD TRADE TALKS IN EARLY OCTOBER IN WASHINGTON – CHINA COMMERCE MINISTRY
09:31:54
CHINA AND U.S. AGREE TO TAKE ACTUAL ACTIONS TO CREATE GOOD CONDITIONS FOR TRADE CONSULTATIONS- CHINA COMMERCE MINISTRY

source: Reuters

The S&P e-mini futures are 0.70% higher, the Nikkei 2.20% higher and Australia’s ASX is 1.02% higher.

Gold has fallen o.50% to $1545.00 an ounce with both Brent crude and WTI making back early losses to be flat on the day.

On FX, the AUD and NZD dollars are 0.40% and 0.30% higher at 0.6820 and 0.6375 respectively. With a high beta to China trade, both would be expected to outperform.

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Jeffrey Halley

Jeffrey Halley

Senior Currency Analyst
Based in Singapore, Jeffrey has over 25 years experience in the financial markets, having traded currencies, options, precious metals and futures. Jeffrey started his career at Barclays Bank in New Zealand. However he has spent most of it in London and Asia.Jeffrey focuses on the Asia time zone across asset classes. A regular commentator on business news TV and Radio, he is originally from New Zealand and holds an MBA from Cass Business School, London.