China's Commerce Minister, In Phone Call With U.S. Raimondo Says China Is Willing To Work With The U.S. To Steer The Economic And Trade Relationship Back On The Right Track; Both Sides Had 'Candid, In-Depth, And Practical' Discussions On The Economic And Trade Issues Of Mutual Concern
Portfolio Pulse from Benzinga Newsdesk
China's Commerce Minister and U.S. Secretary Raimondo had a phone call discussing economic and trade relations. Both sides expressed willingness to work together to improve the relationship, having candid and practical discussions on mutual concerns.
October 08, 2024 | 2:09 pm
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POSITIVE IMPACT
The discussion between China and the U.S. on improving economic and trade relations could positively impact Chinese markets, potentially benefiting the iShares China Large-Cap ETF (FXI).
The willingness of China and the U.S. to work together on economic and trade issues suggests a potential easing of tensions, which could positively impact Chinese stocks and, by extension, the FXI ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The U.S. market, represented by SPY, may see a positive impact from improved U.S.-China trade relations, as both countries are key economic players.
The U.S. and China are major global economies, and their improved relations could reduce market uncertainties, potentially benefiting U.S. stocks and the SPY ETF.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70