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.

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Jeffrey Halley

Jeffrey Halley

Senior Market Analyst - Asia Pacific
With more than 30 years of FX experience – from spot/margin trading and NDFs through to currency options and futures – Jeffrey Halley is OANDA’s senior market analyst for Asia Pacific, responsible for providing timely and relevant macro analysis covering a wide range of asset classes. He has previously worked with leading institutions such as Saxo Capital Markets, DynexCorp Currency Portfolio Management, IG, IFX, Fimat Internationale Banque, HSBC and Barclays. A highly sought-after analyst, Jeffrey has appeared on a wide range of global news channels including Bloomberg, BBC, Reuters, CNBC, MSN, Sky TV, Channel News Asia and the New York Times. He was born in New Zealand and holds an MBA from the Cass Business School.
Jeffrey Halley
Jeffrey Halley

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