- Wants Trump to rein in Cabinet members, show consistency
- Wants US talks to address concerns on Taiwan, sanctions
This is causing a spike up in risk but I’m not really seeing why. China has made it clear that they are open to resolving things via dialogue as they have said many a time. And after their latest retaliation last week, they’ve pushed the ball back to Trump’s side of the court. And yet, there’s still no further progress until today.
I’m guessing the algos are just jumping on the fact that the headline includes “China is open to talks” while ignoring all the context. Or am I missing something here?
S&P 500 futures have moved up from 5,350 to 5,387 currently, paring some losses to be down 0.7% on the day. Meanwhile, gold has dropped back under $3,300 after having hit a record high of $3,317 earlier.
This article was written by Justin Low at www.forexlive.com.