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- We expect a hesitant start of the European session
We expect a hesitant start of the European session
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Loading...Caution of the markets in anticipation of the latest developments in the discussions between US and Chinese officials regarding the long-standing trade dispute between the two countries.
US President Donald Trump has to meet with China's Liu He Vice President in Washington today.
White House Economist Advisor Larry Kudlow said Washington and Beijing have "made good progress" towards a trade deal. According to Bloomberg, China will have to meet its commitment to buy goods by 2025 and allow US firms to own entirely Chinese businesses as part of the deal.
Brexit is the other focus of investors. UK lawmakers yesterday approved a bill that would force the prime minister Theresa May to ask for a delay of Brexit, to prevent collapse without a deal between Britain from the European Union on 12 April.
On the FX market, the US dollar index, which tracks green money, began to moderate, with a slight decrease. The Japanese yen traded slightly higher against the dollar, led by caution in the markets and in anticipation of the development of trade dispute and the sensitive to trade Australian dollar rebounded from earlier reached local high.
Oil prices also fell in the Asian trade, international benchmark Brent futures contract traded a minor variation around $ 69.28 a barrel, while US crude oil futures fell by 0.18% to $ 62.35 a barrel.
Trader Georgi Bozhidarov Read more:
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