China Foreign Ministry: US can't say it wants to reach an agreement with China, and on the other hand, keep exerting extreme pressure
🚨Don't underestimate stupidity. Trump will read the headlines about "Trump caving in" and fire off again posts about how much China is taking advantage of the US (although for now the yields should shut him up). We will see a lot of whipsaw swings on the way up in the next 6 months. With Trump President, it's more important than ever to stay spot. Don't touch leverage. -BCI
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European stocks extend gains: Germany’s DAX surges 3%, France’s CAC 40 up 2.18%, Euro Stoxx 50 rises 2.43%, Switzerland’s SMI up 2.07%.
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ECB's Nagel: The world economy is in a very delicate situation. There is a lot of uncertainty, we have to be cautious
White House: There will be no unilateral reduction in tariffs against China. Trump won't give up on fair trade practices. It's not fair to say Trump is softening.