In a rush? Here’s the key takeaway
- No Donkey, we aren’t there yet. But we are close. That was the message from President Trump and Chinese trade negotiator Liu He after the meetings with USTR were concluded in Washington Thursday. It’s clear both sides want and are close to a deal. Trump said maybe 4 weeks.
- That was after the bell but the obligatory later rumour hit with 10 minutes of trade left for stocks. So at teh close the S&P 500 was 0.2% to 2,879 – but still below resistance.
- The USD was a little weaker after very poor German factory data – the DXY is at 97.30 and the Euro is at 1.1225. The Aussie is holding in though while gold and silver had wild nights.