Investors will also be on alert when Federal Reserve Chairman Jerome Powell joins his predecessors for an interview on Friday as derivatives traders bet that the central bank won’t hike interest rates in 2019. Some see the next move as a cut in 2020.
DUBAI/SINGAPORE (Dec 31): Until a trade dispute between the US and China is resolved, a single tweet on the matter will have the power to ignite rallies and sell-offs.
The tweet in question this week is President Donald Trump’s declaration that “big progress” is being made toward a deal between the US and China, and it may spur gains across emerging markets. The message comes about 10 days before a US government delegation is said to plan a trip to Beijing in the week of Jan. 7 for the first face-to-face discussion between the two sides since early December.
