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Market Recap-Liu He meets Lighthizer

Thursday, May 9, 2019 10:23 AM GMT

Today is the day of  Liu He, the Chinese negotiator, Bob Lighthizer and Steven Mnuchin, the American negotiators, meeting in Washington. It is the 11th round of talks and the world is about to find out if the recent threat of tariff hikes that were announced by President Trump and the response from the Chinese that retaliation actions will be taken in such an event, will materialize or not.

A deal is still considered as being a top priority of both parties. Sarah Sanders, the White House press secretary, told reporters that "We've gotten an indication that they want to make a deal, our teams are in continued negotiations,"

Currently markets seem to be pricing in a trade deal collapse.

Meanwhile, on Chinese macroeconomic releases are mixed with inflation rising and loans & M2 falling.

As far as Central Banks’s action is concerned, today is the Norges Bank turn (Norway) to have its monetary meeting.

 

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