S&P 500 futures keep the red despite US-China candid and constructive trade talks
|China's Vice Premier Liu He and US Trade Representative Katherine Tai said that they had candid and constructive talks, Reuters reports.
China’s Commerce Ministry said both sides agreed that Sino-American bilateral trade is very important and that communications will continue.
This comes after Bloomberg reported last week that China’s purchases of US goods slowed in April.
Read: China’s progress on US trade deal promises slows in April – Bloomberg
Market reaction
Despite the positive developments on the US-China trade front, the risk sentiment remains sour amid looming covid concerns, keeping S&P 500 futures under pressure.
The futures tied to the US stocks drop 0.22% to 4,185 while the AUD/USD pair sheds 0.09% to 0.7730, at the time of writing.
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