Upcoming Trump-Xi meeting on trade war spurs irrational investor optimism
“U.S. President Donald Trump has offered to host a dinner for Chinese President Xi Jinping on December 1 in Buenos Aires after the G20 leaders summit, an invitation Beijing has tentatively accepted,” according to the South China Morning Post.
In response, “Asian stock markets jumped Friday, reflecting investor relief about upcoming trade talks between China and the U.S., as well as the dollar’s gains against a basket of major currencies including the yen,” reports MarketWatch.
Investor optimism does not seem to based on reality: In this news clip, CNBC cites a “White House senior official” who says there is still a “long way to go for a U.S.-China trade deal.”
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