The biggest news on the market continues to be that China and the United States have finally reached a trade deal, or the so-called phase-one agreement. It was announced on Friday that the two sides have agreed on the terms, but even today, the markets are still revelling in the optimism that the announcement created.
The agreement does not cover all of the points of conflict between the US and China and is only the beginning. However, it’s a promising start and the fact that no new tariffs were imposed on China yesterday has been reassuring.
Moreover, economic data released from China yesterday indicates a better economic situation in the country than expected, further boosting investors’ appetites. US stock markets have been among the biggest winners in the wake of this news.
Another trade-related dispute is currently brewing: Germany is considering a law that would exclude Chinese tech giant Huawei from Germany’s 5G network. It is an important business partnership and China has threatened Germany that it will act to protect its interests.
For traders who are interested in the stock markets or trading CFDs, it might be worth paying attention to Boeing (NYSE:BA). The company has been struggling to launch its new aircraft amid safety concerns, and suffering losses and a dip in its reputation because of it. This will likely affect the company’s stock prices negatively.
