U.S. stock futures ESc1 rose 0.2% in Asia.
Uncertainties over whether Washington and Beijing will be able to settle gaping differences over trade, technology and even geopolitical ambitions, kept many investors on guard. Negotiators from the two sides will meet in Shanghai next week. “An interest rate cut of 10 basis points in September looks like a done deal now,” said Hideki Kishida, fixed income strategist at Nomura Securities.
“If there are signs of easing tensions, we could see temporary rise in European bond yields,” Nomura’s Kishida said.
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