#NewsTrade In a move considered pivotal, the world awaits today the release of a joint statement between the United States and China regarding tariff negotiations. The two sides announced "tangible progress," raising expectations that the statement would deliver positive news.
How were the markets affected before the statement?
Gold fell 1.5%, due to a decline in demand for it as a safe haven.
US index futures rose between 1% and 1.5%, amid optimism that an agreement is imminent.
The dollar rose against the euro, supported by confidence in the US economy.
Why is the statement important?
Because any positive tone in the statement could boost investors' appetite for risk and cause rapid shifts in markets, especially gold, stocks, and currencies.
Follow the markets today... It could be a historic day in economic relations between the world's two largest powers.
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