Wall Street Likes a Less-Hostile U.S. When It Comes to China Trade
- Futures rise, as Horizon says "markets can breathe easier"
- Even so, eyes are on what lies ahead with China and Nafta
U.S.-China Trade Dispute Truce Might Not Last
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The dollar strengthened and U.S. equity futures rallied as Treasury Secretary Steven Mnuchin stepped back in the trade dispute with China over the weekend, saying the U.S. was "putting the trade war on hold." Analysts saw a mix of relief and concern about potential next steps, as the U.S. was viewed by some has having lost this round, with Horizon investments saying that "U.S. capitulation this weekend was stunning."
Here’s a sample of what analysts are saying: