BoA / ML expect a truce but no deal at the Xi - Trump G20 meeting

Author: Eamonn Sheridan | Category: News

G20 summit begins in Japan on June 28, and continues June 29. 

Presidents Xi and Trump are expected to hold their their meeting on the 29th.
Bank of America / Merrill Lynch says the best we can hope for is truce, not a deal.
  • a likely ceasefire, delays in tariffs agreed to on both sides
  • given the scope of disagreement between the two side a major deal is unlikely
BoA says at a truce is at least a positive but will soon evolve into worry unless sides move towards a deal.

G20 summit begins in Japan on June 28, and continues June 29. 
 
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