The trade negotiations between the US and China this week have not managed to deliver any progress, points out the research team at Danske Bank.
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“Markets are a bit on the limp side in terms of the outlook as indications from the Chinese side indicate that talks have been constructive and that communication will continue, but that no new round of talks will take place before the US mid-term elections in November.”
“The US and Mexico on the other hand are still negotiating a new NAFTA deal and are set to continue talks into next week. A deal between the two could further bring Canada back to the negotiation table.”
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