Markets
Investors Optimistic After Trade Talks
- Investors Optimistic After Trade Talks
Global investors are optimistic following the three days negotiation between the U.S. and China’s delegates.
According to the people familiar with the discussions, delegates’ positions were closer on areas like energy, agriculture, etc but further apart on tougher issues.
Lu Kang, a spokesman for the Chinese Foreign Ministry, said China will release an official statement on the trade talks.
He later said while some disagreements remain on structural issues, that the two sides are serious on working things out.
The statement boosted market confidence ahead of another meeting between U.S. Trade Representative Robert Lighthizer and China’s Vice Premier Liu He, the top economic aide that is leading negotiations for China.
Emerging currencies gained after the report, with the New Zealand dollar rising as high as 0.6796 against the U.S dollar.
Crude oil sustains its bullish run trading at $60 a barrel.