Trade truce cheers equities but systemic fears persist
The G20 meeting in Japan ended as well as those in markets could have expected. The US and China may have agreed to delay additional tariffs against the other but none were removed either. Investors are beginning to plan for a more sustained period of hostility between the two countries.
Trade tensions have been a bane of equity capital markets for almost two years. Bankers and investors speaking this week said they would be keeping an eye on geopolitics over the summer when planning their Autumn deal pipeline.One investor and one banker in London both said that although ...
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