Market Updates: Trump may Sign Deal with Chinese President Xi Jinping

The US President Donald Trump said that he may soon sign a deal to end the trade war with Chinese President Xi Jinping if their countries can bridge remaining differences. He repeated, the negotiators were “very, very close” to a deal.

Still, the tariffs on $200 billion worth of Chinese imports had been set to rise to 25% from the current 10% if no deal was reached by Friday.

Potential Impact:

Dollar – Weaker

Stock Market – Stronger

Gold – Weaker (over risk-on sentiment)