Traders Cast Wary Eye Toward 2019 as Trump and Xi Agree on Truce

Next year may be more difficult than 2018, JPMorgan says
Outcome to take pressure off dollar, AMP Capital predicts

Donald Trump, Xi Jinping, and members of their delegations, at a dinner meeting during the G20 Summit on Dec. 1.Photographer: Saul Loeb/AFP via Getty Images

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By Justin Carrigan

December 2, 2018 at 8:26 AM UTC

Updated on

December 3, 2018 at 6:03 AM UTC

This article is for subscribers only.

A bit of hope. Superficially positive. Still a work in progress.

The reactions of investors and analysts to the outcome of Donald Trump and Xi Jinping’s trade-focused dinner Saturday suggest markets are unlikely to embark on a lung-bursting risk rally. The avoidance of any escalation in the dispute, however, may bring some relief.