The phase-one trade deal is pro-growth for both the United States and China, White House economic adviser Larry Kudlow told CNBC on Wednesday.
“The phase-one deal includes 100% ownership of financial companies,” Kudlow added and announced that the details of the deal will be released in the next “hour or two.”
These comments seem to be providing a modest boost to market sentiment. As of writing, the Dow Jones Industrial Average and the Nasdaq Composite were both up 0.22% on a daily basis while the 10-year US Treasury bond yield, which was down 2% in the last hour, was erasing 1.4%.
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