Trade issues remained in focus after Beijing said negotiators had reached a “common understanding on resolving relevant problems”.
Positive vibes from Washington over the weekend renewed hopes in global markets that the two economic giants could soon sign an interim deal.
A deadline for U.S. tariff hikes approaches. Six weeks had passed since the “phase one” deal was agreed in principle yet the progress is sluggish.
Mixed messages from China about the trade war gave risk appetite only a limited boost. Conflicting headlines about trade deal left markets almost unmoved.
The initial deal that investors had hoped to be signed by now may slide into next year. China says it will strive to reach ‘phase one’ trade deal with U.S.