China Back at the US Trade Negotiations Table

China Back at the US Trade Negotiations Table

China Back at the US Trade Negotiations Table

$DIA, $SPY, $QQQ, $RUTX, $VXX

The US and China are working  restart talks to avert trade war between the world’s 2 largest economies.

Representatives of US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are having private conversations as they look for ways to reengage in negotiations.

As of Tuesday, there is agreement that further discussions will happen.

High level talks on The Trump Administration’s trade position Vs China are taking place this week.

US stocks rose, US Treasury yields edged higher, the offshore RMB Yuan erased an earlier drop and USD pared gains.

The next wave of US tariffs is set to kick in Wednesday, with the possible imposition of duties on another $16-B of Chinese imports.

The implementation could be delayed for weeks as The Trump Administration works out the details of which products it will target. Officials in Beijing vowed to respond with the same amount of tariffs on US products.

The US is working to secure certain concessions and if China agrees, it is possible the US could back off additional tariffs.

A US Treasury spokesman did not respond to a request for comment.

Tuesday, the major US stock market indexes finished at: DJIA +108.36 at 25415.19, NAS Comp +41.78 at 7671.79, S&P 500+13.69 at 2816.03

Volume: Trade on the NYSE came in at 1.1-B/shares exchanged

  • NAS Comp +11.1% YTD
  • Russell 2000 +8.8% YTD
  • S&P 500 +5.3% YTD
  • DJIA +2.8% YTD

HeffX-LTN’s US Major Stock Market Indexes Technical Analysis

Date Symbol Price Technical Analysis Support Resistance
31 July 2018 QQQ 176.45 Neutral (0.17) 174.75 177.73
31 July 2018 DIA 254.17 Neutral (0.22) 253.94 257.10
31 July 2018 SPY 281.33 Bullish (0.30) 279.67 284.24

America First and MAGA

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