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Chinese stocks rallied and the yuan strengthened on December 3, 2018, after Xi and Trump agreed to hold off new tariffs at the G20. The White House said both sides would negotiate for 90 days, with tariffs rising from 10% to 25% if no deal is reached, and that China would buy substantial US goods.
The deferred tariff increase on $200 billion of Chinese imports and the pledged Chinese purchases support US soybean and grain export demand.
caixinglobal.comLiu Jiefei3 dic 2018Tras 696 eventos alcista de comercio pasados, Soja se movió una mediana de +0,3 % en 5 sesiones (54% al alza; mitad central entre -1,3 % y +1,9 %), y +0,7 % en 20.
Tras 729 eventos alcista de comercio pasados, Maíz se movió una mediana de +0,4 % en 5 sesiones (56% al alza; mitad central entre -1,1 % y +1,8 %), y +0,5 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
The tariff delay and China's pledge to buy US goods reinforced the risk-on trade sentiment that supported grain futures.
It confirms the Xi-Trump tariff delay and Chinese pledges to buy US goods on Dec 3, the catalyst behind the risk-on move, but it covers Chinese equities and the yuan rather than corn.
