The US-China trade negotiations are continuing with success | IFCM Turkey
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The US-China trade negotiations are continuing with success

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The US-China trade negotiations in Beijing ended with success last week. This was stated by the press secretary of the White House, Sarah Sanders. Earlier, Chinese President Xi Jinping said China is ready to work to eliminate differences on trade and economic issues through cooperation with the American side in order to reach an agreement. Negotiations will continue in Washington this week.

The reduction in global trading risks has contributed to the growth of the US stock indices Dow Jones and Nasdaq 100 for the 8th week. The reporting season ends in US. Market participants believe that the total profit of the S&P 500 in the 4th quarter increased by 16.2%. This is a very good result, supporting the growth of stocks.

EUR/USD rate fell below 1.13 last week. The main negative for the euro was the ECB’s plans to launch another asset redemption program through emissions or the so-called TLTRO - Targeted Long-Term Refinancing Operations. The ECB is expected to report more on this at its regular meeting on March 7th. At the end of the week, the Euro 50 Index rose by 3%. Due to the American-Chinese negotiations, the shares of European automakers and mining companies gained.

The leader of growth among stock indexes became the Japanese Nikkei. It was facilitated by the weakening of the yen, which increases the competitiveness of exporting companies, as well as good macroeconomic data. Japan's GDP in the 4th quarter rose by 1.4% after falling 2.5% in the 3rd quarter. There were no leaders among the global stock indices last week, as they all closed with gains

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