The U.S. and China reaching a deal and dropping the additional tariffs imposed last year would lead investors 'to think that maybe globalization hasn't ended,' said Christopher Wood, CLSA's global equity strategist.
Stock markets globally have to some extent recovered from a sell-off last December and could move higher if a"positive surprise" comes out of the trade deal between China and the U.S., according to financial services company CLSA.
Wood was referring to the additional tariffs that China and the U.S. imposed on each other's products last year when tensions between the two economic giants were escalating. Washington slapped new levies on $250 billion worth of Chinese imports, while Beijing did the same on $110 billion in American goods.
The two countries reaching an agreement and dropping the additional tariffs imposed last year would lead investors"to think that maybe globalization hasn't ended," which would boost sentiment and spur a rally in markets, according to Wood. But that rally would be short-lived if investors began to worry that the U.S. Federal Reserve could raise interest rates again, he said."I think in the context that we have a successful trade deal, the tariffs are dropped, and the U.S.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Senior China diplomat urges U.S. to meet China halfwayThe Chinese government's top diplomat, State Councillor Wang Yi, said on Fr...
Lire la suite »
Senior China diplomat says China-U.S. trade talks have made substantive progressThe Chinese government's top diplomat, State Councillor Wang Yi, said on Fr...
Lire la suite »
U.S. envoy for religious freedom slams China during Hong Kong visitThe U.S. ambassador for religious freedom, Sam Brownback, on Friday called on Be...
Lire la suite »
No 'silent lambs': China supports Huawei's bid for U.S. legal redressThe Chinese government's top diplomat, State Councilor Wang Yi, said on Fri...
Lire la suite »
U.S.-China Trade Deal Isn’t Imminent, Ambassador SaysThe U.S. and China have yet to set a date for a summit to resolve their trade dispute, the U.S. ambassador to China said, as neither side feels an agreement is imminent.
Lire la suite »
U.S. stock futures drop ahead of jobs data as gloomy China trade report adds to global growth fearsDow futures drop over 100 points as global gloom that has hung over the market all week looks set to continue on Friday. Nervousness ahead of a big U.S. jobs report later, a gloomy set of trade numbers and extremely weak Chinese export numbers add to worries about global growth.
Lire la suite »
China 'at war with faith' says US ambassador at largeCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Lire la suite »
U.S.-China Trade Deal Isn’t Imminent So No Summit Date Set, Envoy SaysThe U.S. and China have yet to set a date for a summit to resolve their trade dispute, the U.S. ambassador to China said, as neither side feels an agreement is imminent.
Lire la suite »
China congratulated Huawei for suing the US and refusing to be 'silent lambs'Huawei is desperately trying to prove it's independent of the Chinese state.
Lire la suite »
China laughs as the U.S. tries to stop Italy from joining One Belt, One Road planChina says that 'Italy knows exactly what policies serve its own interests and it can make its decisions independently' as Rome contemplated joining Beijing's One Belt, One Road initiative.
Lire la suite »