US China trade talks continue to dominate markets
Markets remain concerned about the potential outcome from the US-China trade negotiations as both sides have announced considerable additional tariffs this week.
Share this:
Markets remain concerned about the potential outcome from the US-China trade negotiations as both sides have announced considerable additional tariffs this week. Traders are looking for any sign of hope for a deal and the markets responded overnight to what are seen as positive comments by Donald Trump.
The S&P closed up 0.8% which in turn saw Asian markets respond in kind. The Hang Seng was up 0.9% while the Shanghai Composite closed up almost 2%. The FTSE opened down marginally at 0.2% off.
The question now will be how the lack of progress is received domestically – both economies are not looking as healthy as they were a year ago, and a tariff war may create new pressures as companies start losing exports.
TUI results boost shares despite travel travails
TUI saw its shares trading up in early action on the London market. TUI is operating in a tough market, with Brexit just one challenge. The technical issues surrounding Boeing’s 737 MAX airliners has grounded some 10% of TUI’s own fleet and hit profits. The travel operator reported an underlying forecast loss of EUR 300 million. It is also grappling with lower margins but is reporting increased interest in holidays in the eastern Mediterranean.
Oil market lacks direction, IEA warns of supply concerns
The oil market is focusing on the potential slow down in the Chinese economy but there are concerns about the more immediate impact of tensions between the US and Iran. The IEA has just announced that the current supply surplus could potentially flip quickly into a deficit particularly if supplies from key producers are impacted.
The S&P closed up 0.8% which in turn saw Asian markets respond in kind. The Hang Seng was up 0.9% while the Shanghai Composite closed up almost 2%. The FTSE opened down marginally at 0.2% off.
The question now will be how the lack of progress is received domestically – both economies are not looking as healthy as they were a year ago, and a tariff war may create new pressures as companies start losing exports.
TUI results boost shares despite travel travails
TUI saw its shares trading up in early action on the London market. TUI is operating in a tough market, with Brexit just one challenge. The technical issues surrounding Boeing’s 737 MAX airliners has grounded some 10% of TUI’s own fleet and hit profits. The travel operator reported an underlying forecast loss of EUR 300 million. It is also grappling with lower margins but is reporting increased interest in holidays in the eastern Mediterranean.
Oil market lacks direction, IEA warns of supply concerns
The oil market is focusing on the potential slow down in the Chinese economy but there are concerns about the more immediate impact of tensions between the US and Iran. The IEA has just announced that the current supply surplus could potentially flip quickly into a deficit particularly if supplies from key producers are impacted.
Open an account in minutes
Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 0.3 pts on indices.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
EUR/USD, USD/JPY Outlook: Oil, yields and an FX identity crisis
Crude oil is setting the tone across rates and FX, leaving EUR/USD vulnerable and USD/JPY caught between higher Treasury yields and the growing threat of intervention
Nasdaq 100 Forecast: NDX falls as oil jumps and Treasury yields rise
U.S. stocks are pointing to a weaker open on Monday after President Trump rejected an Iranian ceasefire, sending oil prices higher and fuelling inflationary concerns and pushing Treasury yields higher.
Crude Oil Q4 2026 Outlook: Will a New Energy-Security Regime Emerge?
Crude Oil Q4 2026 Outlook: The U.S.-Iran conflict has done more than disrupt oil flows. It has challenged many of the assumptions underpinning the global energy security system established after the 1973 oil embargo.
This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.
StoneX Financial Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the StoneX group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), StoneX Financial Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact StoneX Financial Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.
In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither StoneX Financial Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.
StoneX Financial Pte. Ltd. is not under any obligation to update this report.
Trading CFDs carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit www.forex.com/en-sg/terms-and-policies for the complete Risk Disclosure Statement.