US-China trade talks amongst market movers today – Danske Bank
According to analysts at Danske Bank, for the markets trade is or rather continues to be the talk of the town with new round of US China trade talks commencing in Washington today.
Key Quotes
“The negotiations will be followed by high level talks later in the week. Markets have been upbeat concerning the negotiations due to signalling from Beijing and Washington rather than concrete measures.”
“Both sides clearly want to strike a deal and difficulties revolve around establishing a monitoring mechanism to resolve concerns over copyright and other non-tariff issues.”
“The European Commission threatened retaliation should the US impose tariffs on automobile imports. The White House received a Commerce Department report on the national security implications of auto imports.”
“The potential tariff threat comes after the European auto industry has just begun to recover from being hammered by new European emissions standards.”
Author
Sandeep Kanihama
FXStreet Contributor
Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.
