China, Trump and Dow
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The Trump administration appears to be trying to calm markets — and investors seem to be responding — after Friday’s sharp stock sell-off and a tense weekend between Washington, D.C., and Beijing.
Highly respected President Xi just had a bad moment. He doesn’t want Depression for his country, and neither do I. The U.S.A. wants to help China, not hurt it!!!”
Stocks in the United States recovered from their worst decline in months, after President Trump softened his tariff threat on China. But markets in Asia dropped.
After one of the largest liquidations in history, traders breathe a sigh of relief as risk appetite returns and major tokens bounce back sharply.
Mike Zuzolo with Global Commodity Analytics says soybean futures closed slightly higher on Monday as trade tensions with China seemed to ease over the weekend. However, the soybean market doesn't totally trust that a deal is going to take place.
The prospect of a revived trade war between Beijing and Washington is threatening to undermine this year’s blistering rally in Chinese stocks and weigh on the yuan.
President Trump signaled a full-blown trade battle with China will not be happening on Sunday, insisting the United States "wants to help" its global rival
Asian equities mostly followed Wall Street higher overnight as Mainland China's STAR Market and Korea outperformed, while the Philippines and Hong Kong's Hang Seng Tech Index underperformed. Mainland China's markets reopened for the first time since September 30th,