More from ANZ on the Xi - Trump agreement - 'this buys time', but 'remain cautious'

An earlier post here with the disparate statements from China and the US on what was agreed to:

• Some early bank responses to the Xi - Trump trade war 'cease fire'

Another note from ANZ now, this in summary:

• In the short term (for the remainder of 2018) it is likely that there is enough alignment between the two statements for issues surrounding trade to fall into the background and for the corrective bounce to extend
• Ultimately, it remains a high order for China to fulfil the US's demands on structural issues; and at a time when the major issues that the US has raised represent a challenge to China's rise, a long lasting and meaningful de-escalation remains very challenging.
• the result does little to change our concerns about how 2019 plays out. We see this more as kicking the can down the road then as a major step forward.

(Bolding mine, I love a can kick)