"However, the truth remains uncertain, with the dramatic breakdown in relations between the world's two largest economies highlighting just how quickly the tide can change in the absence of any trade deal between the two nations. The fact that the initial market rebounds are already starting to fade does signal that risk remains, with greater clarity needed over the coming days."
"Beijing's move to restrict exports of rare earths is not just a technical trade measure, it is a reminder that the hunted now appears to be the hunter. Trump played his hand, but the Chinese use of rare earths as the basis of their retaliation has brought plenty of signs that the US are now well aware of the problem cause if US businesses are suddenly shut off from this key material that is needed to create key products within the tech and defence space."
European equities opened higher Monday in a relief rally after violent swings on Friday. London’s FTSE 100 is being lifted by miners as gold, silver and copper prices push higher, benefiting names like Fresnillo, Anglo American and Antofagasta after stronger-than-expected Chinese trade data. The initial bounce in European indices and firmer US futures indicate tentative confidence that Friday’s sell-off may have been overdone, but the rebound is already fading. US-China relations have deteriorated from fragile to openly hostile, with China restricting rare earth exports and the US threatening steep tariffs. Markets remain exposed until clearer diplomatic or trade progress emerges.
Read at London Business News | Londonlovesbusiness.com
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