The long road to have a trade deal with the US, statements like Mexico and China can be partners against US pressure are likely showing Chinese media’s lack of appreciation to the recent trade truce.
It should also be noted that global risk barometer, the US 10-year treasury yield seesaws around 2.01% by the press time.
With the underlying issues concerning the technology transfers and intellectual property rights are still unresolved, negative comments from China’s press push global traders towards expecting another round of endless discussions between the two key economies.
Given the month-start week, Purchasing Manager Index (PMI) numbers from the key economies like China, the US, and the UK could offer additional information to determine near-term trade direction.
Even if a trade ceasefire between the world’s two largest economies garnered risk-on sentiment at the day’s start, recent headlines from China continues to question investor optimism over the likeliness of a trade deal.
