Greg Gibbs, Analyst at Amplifying Global FX Capital, suggests that the G20 is scheduled for 26 November to 1 December in Argentina with the leaders’ summit taking place on 30 Nov and 1 Dec.
Key Quotes
“Presumably, Trump will meet Xi on one of those two days.”
“The meeting of the two leaders provides an opportunity for some kind of agreement on a trade deal. Of course, a full trade deal cannot be made by one meeting of the two leaders. But Trump, in particular, can generate speculation for or against a deal with his press statements after this meeting.”
“There is no clear way to assess the probability of the outcome of this meeting, so uncertainty may keep asset markets in check as it approaches. It will be regarded as hugely important since the Chinese economy is already slowing down, led by weaker export markets, and this has spilled over to other Asian exporters and potentially to global growth. The US administration has plans to further expand its tariffs if no progress is made on a deal before year-end.”
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