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Investors See Trade Truce Giving Risk Assets Short Reprieve

  • Markets may ‘breathe a collective sigh of relief’: JPMorgan
  • UOB says the fundamental trade conflict is still unresolved
Workers prepare a container at the port in Qingdao, China's eastern Shandong province.

Workers prepare a container at the port in Qingdao, China's eastern Shandong province.

Photographer: STR/AFP via Getty Images

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A trade truce between the world’s biggest economies will probably fuel a relief rally across risky assets, albeit a short-lived one.

Strategists and investors from Toronto to Singapore agree the outcome of a high-stakes meeting between U.S. President Donald Trump and his Chinese counterpart, Xi Jinping, alleviates the immediate risk of more tariffs in a dispute that has gripped investors for more than a year. They also worry that core issues of the trade war haven’t been resolved.