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US President Donald Trump hopes US-China relationship ‘will be better than ever before’

US President Donald Trump said that he hoped the relationship between the US and China would be “stronger and better than ever before” ahead of a second day of talks with Chinese President Xi Jinping in Beijing, the Wall Street Journal reported on Thursday.

🔗 Source

💡 DMK Insight

Trump’s optimism about US-China relations could shift market sentiment significantly. If negotiations yield positive outcomes, expect a boost in risk assets, particularly in equities and commodities linked to trade. Traders should keep an eye on sectors like technology and agriculture, which are heavily influenced by US-China dynamics. On the flip side, if talks falter, we could see a quick reversal, impacting not just stocks but also currencies like the yuan and commodities like soybeans. Watch for key resistance levels in major indices; a break above recent highs could signal a bullish trend. Conversely, failure to maintain these levels might trigger sell-offs, especially in sensitive sectors. Overall, the next few days are crucial for gauging market direction based on these talks.

📮 Takeaway

Monitor the outcome of US-China talks closely; a positive result could push equities higher, while failure may lead to significant sell-offs.

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