March 18, 2019

Investors will be watching out for developments on the U.S.-China trade front following a report by Xinhua news agency last Friday that Chinese Vice Premier Liu He spoke via telephone with U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer.

The report, according to the South China Morning Post, said: “The two sides have further made concrete progress on the text of the trade agreement between the two sides.”

The news comes after CNBC reported Thursday that Chinese negotiators suggest combining a state visit to the U.S. with the signing of a trade deal. Beijing wants a deal to be fully ironed out before Chinese President Xi Jinping meets with U.S. President Donald Trump.

Read more:

https://www.cnbc.com/2019/03/18/asia-markets-us-china-trade-oil-currencies-in-focus.html