Sino-US trade was held in Beijing, with optimistic market expectations and a cooling of risk aversion. Nevertheless, the Fed remains patient with interest rate hikes and gold prices remain above $1,300. As of No. 14, the international gold price is $1312.34.
1. Sino-US Trade Negotiations Held in Beijing
On the morning of February 14, Liu He, a member of the Political Bureau of the CPC Central Committee, Vice Premier of the State Council and Chinese leader of the Sino-US Comprehensive Economic Dialogue, co-chaired the opening ceremony of the Sino-US high-level economic and trade consultation with U.S. Trade Representative Letter Heze and Finance Minister Mnuchin.
The last round of talks between China and the United States ended in Washington on January 31. The two sides discussed trade balance, technology transfer, intellectual property protection, non-tariff barriers, services, agriculture and implementation mechanisms, and expressed significant progress. Although the wording of the White House statement remained strong, it also indicated that the United States and China had "fruitful" discussions on resolving their differences.
2. A 60-day delay in raising
tariffs? The Ministry of Commerce spoke
At today's regular press conference of the Ministry of Commerce, some journalists asked questions. It was reported that President Trump of the United States was considering the possibility of postponing the implementation of tariffs on China for 60 days. I wonder if you have heard the news. If this news is true, would you think it is a positive signal for the Sino-US negotiations? If China and the United States fail to reach an agreement, what are China's plans to protect enterprises from escalating trade wars that may continue? In addition, the reporter also asked, if China and the United States can not reach an agreement, what is China's response plan to protect enterprises against possible escalation of the trade war?
In response, Gao Feng, a spokesman for the Ministry of Commerce, said that I would like to wait until the end of this high-level economic and trade consultation between China and the United States, there may be a better answer. Thank you.
3. Increase interest rates once this year? The probability is only 8.4%.
This week, several U.S. monetary policy makers, including Federal Reserve Chairman Powell, voiced their support for a "wait-and-see" approach to further interest rate hikes, while still believing that the U.S. economy is strong, with at least two officials publicly supporting a rate hike this year.
However, the Chicago Mercantile Exchange's CME calculates that the probability of interest rate hikes this year is 8.4% based on the trading of Federal Fund Rate Futures. Traders may even count in a rate cut in 2020.
Vietnam Mobile Data Wire Factory is a company specializing in the development, design, manufacture and sale of USB 2.0 data line, USB 3.0 data line, Type C data line, network line, data line and other connection lines. It has a complete and scientific quality management system and has passed the certification of ISO9001 international quality management system; National Consulting Hotline: 86-755-88210101-3, you can also click on the online consultation details:
