In keeping with China’s now default lying and obfuscation about anything trade war related, just hours after Bloomberg reported that according to the Chinese Foreign Ministry there was no information to share on a US President Trump/Chinese President Xi call, moments ago China’s state media Xinhua reported that the two world leaders had in fact just held a phone call, and engaged in discussions reflecting ongoing diplomatic communication amidst tensions.
Here are all the headlines on BBG and Reuters
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XI, TRUMP HOLD PHONE TALKS: XINHUA
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XI, TRUMP HOLD PHONE TALKS AT TRUMP’S REQUEST: XINHUA
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CHINESE STATE MEDIA REPORTS ON A CALL BETWEEN PRESIDENT TRUMP AND XI JINPING THE LEADERS ENGAGED IN DISCUSSIONS, REFLECTING ONGOING DIPLOMATIC COMMUNICATION AMIDST TENSIONS
And while we now await Trump to comment on his Truth Social account what all that was about, futures aren’t waiting and spoos quickly spiked above 6,000, rising as high as 6016 and on the verge of pushing the S&P into a bull market.
Safe haven gold (and bonds) were sold…
But Bitcoin was bid…
Along with oil prices…
Developing…
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