Markets are continuing to keep the anticipation on US-China developments, with watchful eyes on headlines ahead of key meetings in the next week. US and Chinese officials are slated to meet in Malaysia on the sidelines of the ASEAN Summit, with Trump also confirming his attendance. That will pave the way for him to meet with Xi Jinping in South Korea at the end of the month, with the two leaders set to put on a show to the world once again.
As things stand, markets are well expecting Trump to relent on his tariffs threat. He might have reiterated that yesterday here but risk trades are continuing to keep the calm for the most part. TACO all the way.
Given that the US government shutdown is also still persisting, market players don't really have all too much else to work with. And in European trading today, another near empty calendar day is not going to offer much inspiration for traders and investors.
As such, the market mood is still going to stick with the cautious optimism ahead of key trade developments while also waiting on the Fed to deliver another 25 bps rate cut next week. Tick tock, tick tock. Can time move any faster? 🤪
