|Data for week commencing 28 October 2019|
Wall Street surged to record highs on the back of a better-than-expected jobs number for October (Go, Donald!) and a headline revelation from the Chinese trade negotiators that they’ve reached a “consensus in principle” with the White House negotiating team. Go Donald, again!
To me, this adds muscle to the bones of a better story, which kind of surprised me yesterday when the market seemingly ignored one of the President’s best tweets ever. This is what it said: “China and the USA are working on selecting a new site for signing of Phase One of Trade Agreement, about 60% of total deal, after APEC in Chile was cancelled due to unrelated circumstances. The new location will be announced soon. President Xi and President Trump will do signing!”