Market Recap – Phone Call

“The two sides had reached a consensus on properly resolving related issues”. This has been the comments of Zhong Shan, the Chinese Minister of Commerce, that helped markets move higher and SP500 recording an all-time high. The comments followed by a phone call between Zhong Shan, Liu He, Bob Lighthizer and Steven Mnuchin.

Today a trial against the NG Istanbul 10 resumes. The former Turkey’s Amnesty International director is charged.

Macro releases: The focus of financial markets participants turns to the US GDP number, the US core PCE Index (which is the preferred inflation metric by the FED) and the US Crude Inventories. Full economic calendar can be found here.


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