Relatively flat ahead of European open
Yesterday's optimism on the Us-China phase 1 trade deal has been replaced by caution today. Wall St finished flat where the major indices closed flat near record highs. The caution is due to China being seen to be unwilling to flinch on tariffs with the removal of levies a possible sticking point for the phase one deal. This is the story to watch that will shift risk sentiment today.
- US removes the upcoming levies : risk back on
- US play hard ball and express unwillingness to shift on levies : risk off as Phase 1 deal is called into question
Asian Indices as follows:
- Nikkei: +0.16%
- Hang Seng: +0.01%
- Shanghai Comp: -0.23%
- ASX: -0.55%
