Asia stocks set to dip amid US-China trade uncertainty

  • 📰 CNBC
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

CNBC's Eunice Yoon reported Monday, citing a government source, that Beijing is pessimistic about the trade deal.

said there would be no tariff rollback, Beijing had thought both parties had agreed in principle, Yoon reported.

That came following a report over the weekend by Chinese state media that "constructive" trade talks had occurred at a high level between Beijing and Washington. The two economic powerhouses have been working toward reaching a "phase one" deal, expected to be signed soon, following a tariff war that has lasted for more than a year and dented investor sentiment.

"Our preference remains on putting more weight on comments coming directly from officials dealing with the trade negotiations and on this score there is nothing to contradict the view that the US and China are still working towards striking a deal," Rodrigo Catril, senior foreign exchange strategist at National Australia Bank, wrote in a note.

Overnight stateside, stocks ended the trading day on Wall Street little changed amid the trade uncertainty. The

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia stocks set to trade higher as investors watch for US-China trade updatesStocks in Asia were set to trade higher at the open on Monday as investors look for further developments on U.S.-China trade.
Source: CNBC - 🏆 12. / 72 Read more »