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Market news

15 May 2019

U.S. Treasury Secretary Mnuchin says China recently retreated on many trade commitments

  • Says in "serious" talks with China to improve trade ties
  • A lot of work to do on China trade negotiations
  • Says he will likely go to Beijing at some point to continue talks
Market Focus
  • German economy continues to underperform in August - IHS Markit
  • Gaps remain with U.S. on trade after 'very tough' talks - Japanese Economy Minister
  • FOMC meeting minutes showed the central bank intends to remain flexible regarding future changes to interest rates.
  • IMF: currency devaluations due to policy easing cannot improve trade balance

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