Due to the unexpected delay of the Beidaihe meeting, China postponed the review meeting on the progress of the first phase of the Sino-US trade agreement
Reuters reported that due to procedural issues, China and the United States decided to postpone the review meeting on the progress of the first phase of the trade agreement that was originally scheduled to be held last Saturday (15th), and the date has not yet been confirmed. According to sources, the postponement of the meeting was due to the unexpected delay of the Beidaihe meeting, and that the postponement did not mean that there were any substantive problems in the Sino-US trade agreement. In addition, it also pointed out that China will accelerate the purchase of US crude oil in the future. Since the market did not have high hopes for the meeting between the two parties earlier, the news did not trigger much reaction from the market.
Because of Kamala Harris became Biden campaign partner, which increased his approval rating
Last week, the U.S. Democratic candidate Biden selected the female Senator Kamala Harris as his campaign partner. The market seems to be quite accepting of this combination. According to the poll results released by Reuters and Ipsos last week, after the announcement of the combination, the approval rate of the Biden camp increased by 1 percentage point. 46% of respondents said they would vote for Biden and Kamala Harris, and 38% said they would vote. To Trump and Pence, Since the US presidential election is only about two and a half months away, beware that the US stock market will fluctuate with changes in the election situation in the future.
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