US and China reportedly reached a partial trade deal – Bloomberg
According to Bloomberg, the United States (US) and China have reached a partial trade deal. Although there is no official confirmation of this development, the market seems to be reacting positively.
Wall Street’s main indexes gained traction in the last minutes and the Nasdaq Composite was last up 1.8% while the Dow Jones Industrial Average and the S&P 500 were adding 1.4%. Furthermore, the 10-year US Treasury bond yield was adding 4.6%.
Markets are now waiting for the US Treasury Secretary Mnuchin’s press conference at 17:15 GMT.