Senior US officials will say trade talks have made a big progress to pump up US stocks – Global Times

Dhwani Mehta FXStreet

Global Times Editor-in-Chief Hu Xijin is out on the twitter to spoil the recent risk-on mood, tweeting out: “I predict there is a high probability that President Trump or a senior US official will openly say in a few hours that China-US trade talks have made a big progress in order to pump up the US stock markets. They've been doing this a lot.”

This comes in response to the latest Bloomberg report that cited people familiar with the trade talks, as saying that the US and China are moving closer to a trade deal despite the escalating tensions over the Hong Kong and Xinjiang bills.

Sources: US-China move closer to trade deal despite heated rhetoric - Bloomberg

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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