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
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
CHINA AND U.S. AGREE TO TAKE ACTUAL ACTIONS TO CREATE GOOD CONDITIONS FOR TRADE CONSULTATIONS- CHINA COMMERCE MINISTRY
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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