The more bullish market mood came after a first day of trade talks between top U.S. and Chinese negotiators that Trump characterized as “very, very good.”
“Freezing tariffs at current levels are unlikely to reverse the current trade driven slowdown in economic growth, and the uncertainty around unresolved structural issues such as IP theft and subsidies to state own enterprises are likely to remain deterrents for a pick-up in much needed capital expenditure,” analysts at National Australia Bank said in a morning note.The dollar rose 0.1% against the yen to 108.07The dollar index .
The move away from safe havens also lifted the yield on benchmark 10-year Treasury notes US10YT=RR to 1.6716% compared with a U.S. close of 1.656% on Thursday. Yields rose across the curve, with two-year notes US2YT=RR yielding 1.5464% compared with a U.S. close of 1.53%.
Very good? Lol, you don’t know realDonaldTrump yet
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