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.
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.
