Despite a clear statement from the U.S. President Donald Trump, who said on Tuesday a trade deal with China may be delayed until after the U.S. presidential election in November 2020, the scenario changed suddenly with a report that the U.S. and China are moving closer to phase-one trade deal from Bloomberg.
These types of reports not only create havoc for investors but also force them to rush into safe-haven assets. Tuesday’s report on Trump's remarks sent stock prices tumbling and triggered a rush into safe havens.
Growing skepticism over the trade deal has added pressure not only to U.S. equity indices, but also Asian equity indices. Global markets await for the next tweet from U.S. President Donald Trump.
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