HSBC is due to report its third-quarter earnings on Monday at 12:00 p.m. HK/SIN.Australian shares rose in the morning, as the U.S. and China appeared close to finalizing a "phase one" trade deal.Markets in Singapore, India, Malaysia and New Zealand are closed for holidays.On the U.S.-China trade front, the Office of the U.S. Trade Representative said the countries have "
made headway on specific issues and the two sides are close to finalizing some sections of the agreementOn Saturday, China's Commerce Ministry said both sides have agreed to properly address core issues, according to a Reuters report. The ministry said in a statement both sides have confirmed that the U.S. will import cooked poultry from China, while Beijing will lift a ban on U.S. poultry.
Earlier this month, U.S. President Donald Trump had announced both sides have reached a "very substantial phase one deal," in trying to push for an end to the dispute that have caused tariffs on hundreds of billions of dollars worth of each other's goods.
Trump wins again.
Ugh. Not this bs again. How does $20B of Chinese catfish and $20B of US soybeans equate to $1.5T in market cap for US equities? I'd love an answer.