Stocks relieved at trade truce, bonds step back

SYDNEY - Stocks rallied and bonds retreated in Asia on Monday as a thaw in the Sino-U.S. trade dispute averted one threat to the global economy, leading investors to pare wagers on aggressive policy easing by the major central banks.

“The Trump-Xi G20 meeting looks to be a modest win for China and a positive for risk assets short term, but well within the range of expected outcomes,” said Westpac economist Richard Franulovich. Chinese blue chips climbed 2.1% to their highest since late April. E-Mini futures for the S&P 500 rose 0.8% and FTSE futures 0.5%.Fed funds dropped over 5 ticks as the market scaled back the probability of a half-point rate cut this month to around 13%, from nearer 50% a week ago.

The official Purchasing Managers’ Index held at 49.4 in June, just missing forecasts, while the Caixin/Markit PMI dropped to 49.4, the worst reading since January.“Although a worst case outcome has been averted, the threat of tariffs remains and it is unlikely the truce gives much confidence to firms’ investment and hiring decisions,” said Tapas Strickland, a director of economics at NAB.

So for the 33453485739487th time, trump has claimed a truce or deal, and stocks rise only to fall further when for the 33453485739488th time reality sets in.

What optimism our stocks have that realDonaldTrump CAN negotiate a good deal.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Chinese Stocks Are at the Mercy of Trade Talks but Cushioned by BeijingAnalysts say Chinese stocks could continue to drift unless the outlook for global trade brightens or Beijing acts more decisively to spur growth China is about to take a great fall. All the Chinese will be able to put China back together again. As a consumer society. I think they are running out of tricks. Monetary easing is facing diminishing returns and will cause more problems than it will solve for the economy.
Källa: WSJ - 🏆 98. / 63 Läs mer »

These five telco stocks may be worth investing in, says Morgan StanleyRevenues at telecommunications companies are set to revive again after years of decline, predicted Morgan Stanley in a Thursday report — that could spell good news for telco stocks. Advice from Morgan Stanley!!! Do the opposite
Källa: CNBC - 🏆 12. / 72 Läs mer »

The 10 Top-Performing Stocks Of 2019Take a look at the ten stocks that have shown the greatest returns this year to date. bitcoin is a better investment! I prefer bitcoin!
Källa: Forbes - 🏆 394. / 53 Läs mer »