Debt Research: Trump optimistic on trade talks






President Donald Trump gave an optimistic read on Thursday’s trade talks between the U.S. and China as the world’s two largest economies try to end a damaging trade war. “I think it’s going really well. I will say, I think it’s going really well,” the president. “So we had a very, very good negotiation with China. They’ll be speaking a little bit later, but they’re basically wrapping it up and we’re going to see them tomorrow right here.” (Bloomberg)

Asian stocks looked set to gain as U.S.-China trade talks progressed into a second day. Treasury yields jumped, U.S. equities climbed and futures rose in Tokyo, Sydney and Hong Kong. Ten-year Treasury yields rose to 1.67%, while the yuan climbed and the dollar declined. Elsewhere, the pound touched the highest level in two weeks against the greenback after U.K. and Irish leaders said that there may be a possible “pathway” to a Brexit deal. Crude rose after OPEC Secretary-General Mohammad Barkindo said members and allies including Russia will do “whatever it takes” to prevent another oil slump as the global economy weakens. Gold fell 0.8% to $1,493.28 an ounce. (Bloomberg)

 

Debt Reserch, PT Danareksa Sekuritas
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