The research team at Danske Bank point out that the markets are having positive risk sentiment on the news of positive trade talks between China and the US as U.S. President Donald Trump over the weekend told CBS that trade talks with Beijing are “doing very well”.
Key Quotes
“He also sounded confident an agreement with North Korea was on the horizon. On the trade discussions with China, Xi Jinping and Donald Trump ‘may meet in Da Nang, Vietnam’ on February 27 and 28 just shy of the end-February deadline according to sources familiar with discussions.”
“In our view, we are getting more confident that we are closer to a deal and that the probability of a deal in March has increased. The intense efforts put into the talks at the highest level – including from Trump and Xi – suggest that both sides are very keen to get the work done.”
Share
