File picture shows China’s Vice Premier Liu He gesturing to the media between US Trade Representative Robert Lighthizer and Treasury Secretary Steve Mnuchin before the two countries’ trade negotiations in Washington, US, October 10, 2019. — Reuters pic
That combined with signs of a slowdown in the disease in some of the worst-hit nations and governments slowly lifting restrictions that have kept around half planet under some form of lockdown has fuelled a surge across world markets. “We expect risky assets to continue to recover as economies reopen.” They did, however, expect gains to slow down.
China’s Vice Premier Liu He, who had led Beijing’s negotiations, held a call on Friday morning with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, according to Beijing. The easing of lockdowns has provided a boost to beaten-down oil markets as traders bet on a pick-up in demand and easing of a supply glut that sent WTI into negative territory last month.
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