BREAKING: China denies reports on soybean purchase halt, stocks jump

8:37 AM 2 June 2020

Foreign Ministry of China denied yesterday's media reports on soybean purchases. Bloomberg reported that the country plans to halt purchases of some US farm products. Report triggered a short-lived sell-off during European session yesterday. DE30 and US500 jumped on the news with German index returning back above 11,900 pts.

DE30 jumped back above 11,900 pts handle after China rejected the idea it plans to halt US soybean purchases. Source: xStation5

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