Global Stocks, US Futures Jump On Fresh Trade Optimism, Dollar Surge Enters 8th Day
It is a sea of green in capital markets to start the week as global stocks and US index futures bounced amid boosted risk sentiment as investors eyed the resumption of trade talks between the United States and China, albeit guardedly now that Trump and Xi are not expected to meet until after the March 1 "springing tariff" deadline, while watching for signs of progress on Brexit. Safe havens such as Treasurys dropped as the dollar strengthened for an eighth day, its best run in three years.
hile it remains highly unlikely that anything definitive will emerge from this week's latest trade walks, risk sentiment was boosted after Axios reported on Sunday night that Trump’s advisers discussed holding a summit with Chinese leader Xi Jinping next month, meanwhile China said Vice Premier Liu He will join U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin in trade talks in Beijing on Feb. 14-15.
“We still have concerns about global growth and that centers on those U.S.-China negotiations,” Kerry Craig, global market strategist at JPMorgan Asset Management, told Bloomberg TV from Melbourne. “We’re unlikely to see any massive moves this week saying we’re going to get a deal on that.”
https://www.zerohedge.com/news/2019-02-11/global-stocks-us-futures-jump-fresh-trade-optimism-dollar-surge-enters-8th-day
https://www.dailyfx.com/crude-oil