It is already Sunday that new US tariffs on imports from China are expected, but the possibility of a deal, partial or not, remains as elusive as the first day we started talking about it, because under the noise of the statements on both sides, there is nothing concrete, not even known points that have been accepted by both sides, nothing but the usual “negotiations are going on”, as the US president referred on Monday.
Photo by Yiran Ding.
On the Chinese side, the rhetoric is a hope, the hope that an understanding can be achieved, but nothing more. With FED meeting starting today, the UK parliamentary elections on Thursday and the retail sales data, investors are no longer looking to put more risk on their portfolios after the new highs reached on Friday, which led Wall Street yesterday to a session with slight declines, more due to the lack of dynamism of the Bulls than to from selling pressure from the Bears. The scenario is not expected to be much different today, unless there is news in front of the trade war.
