- Wall Street rose on Wednesday on hopes of progress in U.S.-China trade talks, though stocks pared gains late after Chinese officials said Beijing had lowered expectations for negotiations this week.
Investor sentiment got an early boost following a Bloomberg report that China remained open to agreeing to a partial trade deal with the United States. “A partial deal with China would at least pave the way for a larger deal down the road,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “Every day we get a different tweet and the market takes a different direction. Today is an up day on a favorable tweet.”
“There was some dissent in the vote, but everyone’s together on the concept of monetary policy setting being data dependent,” said Joseph Sroka, chief investment officer at NovaPoint in Atlanta. “And recent data, particularly from the manufacturing sector, would continue to imply there’s a good probability of a rate reduction at the October meeting.”
But SPX US500 are recovered and now is almost 0%
I don’t see China making any agreements until after the next election. Why negotiate with a liar who is being impeached when they can deal with an adult in 14 months.
Joh?
Hormel makes great Pork. So good.
FreeHongKong
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