Trade Truce Offers Dose of Cheer for Emerging-Market Investors
- Trump, Xi agree to temporary truce in bid to contain trade war
- OPEC meeting, Mexico’s new President first steps on the radar
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A temporary truce from a highly anticipated dinner between U.S. and Chinese leaders may give emerging-market traders a reason to cheer Monday, though it didn’t dispel the uncertainty that their dispute has inflicted on markets through much of the year.
On the sidelines of the Group of 20 summit in Argentina on Saturday, Presidents Donald Trump and Xi Jinping agreed to keep their trade war from escalating. The leaders pledged to halt the imposition of new tariffs for 90 days and intensify their talks as the world’s two largest economies negotiate a lasting agreement.