S&P 500: Futures holds gains even as China looks to raise tech issues with US in trade talks

Dhwani Mehta FXStreet

Citing people familiar with preparations for the US-China trade talks, Bloomberg reports that Beijing could raise the issue of WeChat, TikTok ban in trade talks with the US this week.

Additional points

“US and Chinese negotiators are set to discuss the implementation of the Phase One trade deal later this week.”

“Beijing is pushing for recent measures targeting WeChat and TikTok to be on the agenda.”

Market reaction

Traders seem to have turned a deaf ear to the above report, as the risk tone remains firmer in Europe.

S&P 500 futures jump 0.48% to daily highs of 3047.52 while AUD/USD bounces to 0.7125 region.

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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