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Of Suzanne McGee
(Reuters) -Inversors welcomed the conciliatory tone in United States commercial conversations -this weekend with the aim of cooling a trade war between the two largest economies in the world and dissipating some of the financial markets cloudy of uncertainty, although few are still waiting for a breakthrough.
In a sign of relief from investors that could be avoided by the worst of a United States-Chinese trade war, the future U.S. stock exchanges increased on Sunday evening. The S&P 500 e-minus increased by 1.3%, while future Nasdaq added 1.6%.
The two parties refused to elaborate the negotiations, saying that more details will be published on Monday, although U.S. Treasury Secretary, Scott Bessent and the commercial representative Jamieson Greer, said on Sunday that an agreement had been reached with China to reduce the United States trade deficit.
Lifeng’s Chinese Vice President, who met his north -Americans in Geneva, described the meeting as “Candida” and a major first step.
“This is a step in the right direction, showing that both parties are interested in reaching a constructive conclusion and developing a better trade relationship,” said Eric Kuby, the North Star Investment Management Corp Investment Director of Chicago.
“The details are quite crazy, but I think the direction seems to be more cooperative instead of combative, and I think we have to see it as a positive.”
The meeting in Switzerland could mark one of the biggest new features since the President of the United States, Donald Trump, launched ample tariffs on April 2, which launched the world commercial landscape in Chaos and led to the volatility of the extreme market.
Investors have recently expressed optimism that worse commercial scenarios would not pass and have pointed out signs of climbing between the United States and China as a reason for a bounce of actions.
“The markets can be encouraged by an agreement on an agreement, but it will remain depending on more details that are published,” said Gennadiy Goldberg, head of the United States Rate Strategy at TD Securities in New York.
“The recent price action suggests some optimism around a trade agreement. If this is the case, prices will have been justified. The risk is if the agreement is less substantial than expected. Then the market could be disappointed.”
In fact, despite the comments of President Donald Trump ahead of talks that suggest a lower level of Chinese rates and a trade agreement announced on Thursday between the United States and Britain, many participants in the market said that they did not expect great advances.
“I am not sure that I would hit the” buy “button on what we have heard today, but if we can make substantial progress with China, I think the market will like it,” said Jack Ablin, a founding partner and director of investment in Cresset Capital in Chicago.
