Sino-U.S. trade talks Archives - The Industry Spread

Equities Consolidate Post Profit Booking Amidst Trade Deal Uncertainties

November 9, 2019

The global equity market is seeing a slide in the price of major indices and stocks as traders took to profit booking activity on last trading session of the week. Further, uncertainties influenced by comments from US officials stating that no specific agreement for the phased rollback of tariff on Chinese goods has been prepared yet regardless of recent headlines took the wind out of market bulls causing risk appetite to die down overnight. However, expectations for further comments from US/China to mitigate the bearish cues have kept risk assets consolidating within a familiar price range.