US Treasury Sec. Mnuchin: Officials will travel to China if there is 'significant progress'

Eren Sengezer FXStreet

Commenting on the U.S.-China trade dispute, U.S. Treasury Secretary Steven Mnuchin crossed the wires in the last minutes announcing that he is planning to have another call with Chinese counterparts this week on trade and added that U.S. officials will travel to China if there is 'significant progress' in trade negotiations.

Major equity indexes don't seem to be reacting to these remarks as investors are waiting for the critical second-quarter earnings figures. As of writing, both the Dow Jones Industrial Average and the S&P 500 were flat on the day while the Nasdaq Composite was up 0.25%.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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