US President Trump tells Chinese President Xi that they've had a fantastic relationship and they are going to have a fantastic future together, while he adds that he has such respect for China and tells everybody Xi is a great leader
Trump's remarks suggest a potential thaw in tensions between the US and China, which could positively influence risk sentiment across markets.
NVIDIA (NVDA) CEO Huang says meetings went excellent, while Tesla (TSLA) CEO Musk says he wants to accomplish many good things here
[MARKET ANALYSIS] DXY is little changed amid a lack of FX-moving catalysts, but holds on to recent PPI-driven gains
US President Trump tells Chinese President Xi that they've had a fantastic relationship and they are going to have a fantastic future together, while he adds that he has such respect for China and tells everybody Xi is a great leader
Chinese President Xi tells US President Trump it is a pleasure to meet him in Beijing, while he has always believed that the common interests between China and the US outweigh the differences
Japanese Chief Cabinet Secretary Kihara says no immediate need for a supplementary budget
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Says:
- Relationship between US and China will be better than before.
- Trade will be totally reciprocal on our behalf.
- Looks forward to doing business with China.
A more favorable trade relationship might strengthen the USD while boding well for equities connected to Chinese trade. However, the actual materialization of these promises remains to be seen, and market reactions will depend on subsequent actions rather than rhetoric.
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