Markets optimistic following extended US-China trade talks

Markets optimistic following extended US-China trade talks

09/01/19

Global markets have reacted positively to the latest round of trade talks between China and the US, Reuters reports.

Stocks in Asia, Europe and the US rose upon news that negotiations had been extended into an unscheduled third day, suggesting progress has been made in breaking the recent impasse.

US Under Secretary of Agriculture for Trade and Foreign Agricultural Affairs, Ted McKinney, was quoted as saying it had been “a good few days,” while China’s Foreign Ministry confirmed that the talks were now concluded and that an announcement will follow “soon”,  the South China Morning Post reports.

Ministry spokesman, Lu Kang said, “the extension of the talks indicates that both sides are serious about this consultation,” leading to speculation that the world’s two largest economies are edging closer to a deal.