Senior US Official: Discussions with China were 'substantive, serious, and direct', talks to continue Friday

Dhwani Mehta FXStreet

Discussions between US and Chinese officials were 'substantive, serious, and direct', a senior White House official said in a statement on Friday.

Additional headlines

“US, Chinese officials to resume talks at 7:30 p.m. local time in Alaska Thursday.“

“US used the first session with Chinese officials to outline its interests and priorities.”

“Heard the same from our Chinese counterparts.“

“US, Chinese officials to hold another session of talks at between 9-9:30 am local time Friday in Alaska.”

More: Senior Chinese Diplomat Yang: Hope Sino-US talks are sincere and candid – Xinhua

Market reaction

After a rough start to the Sino-American talks in Alaska, the above comments offer some consolation, boding well for the risker assets.

The S&P 500 futures regain 3,900, adding 0.17% on the day. Meanwhile, AUD/USD bounces off lows, although trades below 0.7750, as the downbeat Australian Retail Sales data weigh.

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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