Analysts at Danske Bank point out that today, the US-China trade top-level negotiations begin and are going to be the key economic event for the day.
Key Quotes
“The US prosecution of Huawei has added some uncertainty to the equation but we believe the US and China will still aim to keep this track separate from the trade talks. The negotiations are entering a crucial stage with more thorny issues coming up regarding technology transfer, intellectual property rights and China’s industrial policy.”
“The issue of enforcement will also be on the table. We may enter a rockier phase of negotiations, which have been smooth so far. However, we still believe in a deal by the end of Q2 with a 75% probability.”
Share
