The recent reports say that China wants more talks ahead of signing the “initial” trade deal. The agreement that was reached last week says that China would increase agricultural purchases and the US would not raise tariffs. It is said that China wants to send some delegation to the US to finalize deal that could be signed next month at the Asia-Pacific Economic Cooperation summit. China may want to suspend another tariffs increase that is to take place in December.
Anyway, the market has reacted nervously on this information. The greenback reverses gains and the US500 is testing support zone at 2960 points.
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S&P 500 is under selling pressure after China said they want more talks ahead of signing the trade deal. Source: xStation5
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