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Latest on U.S./China Trade (Is a Deal in Place?)

What’s in Today’s Report:

  • Latest on U.S./China Trade (Is a Deal In Place?)
  • Positive Signs from the Bond Market?
  • Weekly Market Preview (Jobs & The ECB)
  • Weekly Economic Cheat Sheet

Futures are modestly higher thanks to reports that the U.S. and China are extremely close to a new trade deal.

The WSJ reported the U.S. and China are aiming to sign a new trade deal on March 27th that will include the removal of all tariffs, although the article cautioned it’s not a done deal at this point.

Economically, data was weak again as British Construction PMI (50.6 vs. (E) 52.5) and EuroZone PPI (3.0% vs. (E) 3.2%) missed estimates.

There are no economic reports today so focus will remain on U.S./China trade and any official confirmation (from the U.S. or Chinese government) of the positive articles that hit overnight.