US president Donald Trump said he expected to sign a significant part of the trade deal with China ahead of schedule but did not elaborate on the timing. That added to last week’s optimism when Washington said it was “close to finalising” some parts of a trade agreement with China. The news comes as a relief to investors who have been reeling from the impact of the trade war and its fallout on the US economy. Adding to the upbeat mood, the Fed is expected to widely cut interest rates at its two-day policy meeting, which ends tomorrow. The third-quarter earnings season has managed to ease some concerns related to the impact of the trade tensions on Corporate America.

Source: Irish Examiner October 29, 2019 05:37 UTC