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Market Recap – US-China negotiations resume

Tuesday, July 30, 2019 10:43 AM GMT

Following the sudden Trump’s tweet on the 6th of May that paused US-China trade negotiations and the G20 meeting in Osaka on 28 June that restarted them, Bob Lighthizer and Steven Mnuchin, from the USA, and Liu He, from China, are having their first face-to-face meeting. Previous meetings took place in either Beijing or Washington. This time negotiations will occur in Shangai. Given the strict terms imposed to the Chinese Technology Manufacturer ZTE (that included the hiring of American compliance executives to monitor the Chinese corporation) agreeing on the terms of monitoring the wider US-China deal, became hard. Failing to agree on the monitoring of the deal was the reason that negotiations failed on May.

Apple, Mastercard and Huawei are announcing their earnings.

Macro releases: The core PCE, the inflation metric most watched by the FED, is coming out today, together with the US Personal spending and the US Consumer confidence.


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