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US and China officials will meet in the Malaysian capital, Kuala Lumpur, from October 24 to 27 for the next round of trade talks. US Treasury Secretary Bessent and China’s Vice Premier He will meet in person after last week’s phone call. The goal is of course to further de-escalate the renewed trade war. The market is almost certain that the two sides will make some kind of a deal and the 155% tariffs threatened by Trump won’t go into effect. That’s just common sense since it would be an economic suicide for both.We will likely get an update on Monday from Bessent ahead of the Trump-Xi meeting at the APEC Summit next week.
This article was written by Giuseppe Dellamotta at investinglive.com.
đź’ˇ DMK Insight
The upcoming US-China trade talks could shake up markets, especially if tensions ease. With US Treasury Secretary Bessent and China’s Vice Premier He meeting from October 24 to 27, traders should keep an eye on how these discussions impact risk sentiment. A positive outcome could bolster equities and commodities, while also affecting forex pairs like USD/CNY. If the talks signal a move towards de-escalation, we might see a rally in risk assets, but any signs of continued friction could lead to volatility. Watch for key levels in the S&P 500 and major currency pairs as traders react to news from the talks. This is a crucial moment that could set the tone for market movements heading into the end of the month.
đź“® Takeaway
Monitor the US-China trade talks from October 24-27; positive outcomes could boost risk assets and impact USD/CNY significantly.
