The US session records new intraday peaks below the likelihood of a partial agreement between the US and China. The US dollar also continues to rise in price.
The S & P500 reached a new record, passing the 3100 for the first time before Donald Trump's expected announcement. Market participants start to wait for comment on the negotiations. The technology sector is at its best today. 10-year bonds are traded around 1.94%. The dollar goes up for the sixth consecutive session.
Markets are preparing for a positive and constructive statement about trade negotiations. In reality, it will only be enough to confirm that they are considering it or that they will be able to really remove tariffs.
With the end of the reporting and holding banks' season, investors are once again focusing entirely on the trade war rhetoric that comes from both delegations and Trump.
Elsewhere, the yen and gold are inferior. The New Zealand dollar remains under pressure after lower inflation expectations in New Zealand, raising the chances of a cut.
Source: Bloomberg Finance L.P.
Graphs: Used with permission of Bloomberg Finance L.P.
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