S&P 500: Futures in lows even as China says it’s been fulfilling Phase One trade deal commitments
|Reuters reports the latest comments from China’s Commerce Ministry on the US-China Phase One trade deal, as both the trade teams meet on Saturday to discuss the implementation of the preliminary agreement.
Key quotes
“Hopes the US stops discriminating Chinese firms.”
“Coronavirus and US restrictions have impacted imports.”
“But it has been fulfilling its commitments in the Phase One trade deal.”
Market reaction
The above comments fail to lift the sentiment around the S&P 500 futures, as the risk-off mood intensifies following a miss on the Chinese Retail Sales and Industrial Production data.
S&P 500 futures drop 0.40% to trade near-daily lows of 3,350.
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