There’s been a swift move higher in stocks in recent trade after Donald Trump took to Twitter with the following post: "Big day of negotiations with China. They want to make a deal, but do I? I meet with Vice Premier tomorrow at The White House".
There’s two main points to take away from this message; 1) Trump claims China want to make a deal and 2) Perhaps more importantly the Vice Premier is staying around till tomorrow. Earlier reports that he would leave this evening were taken to suggest no agreement would be reached but this goes against that school of thought.
All the major US indices have gained since the news broke with the US500 now trading higher by around 0.5% on the day and at 2935 last. While there is yet to be anything like official confirmation as to the two parties reaching a deal this is clearly buoying expectations with not only stocks rising but also USDJPY and US yields while Gold has tumbled to its lowest level of the day.