Following his meeting with Spanish Prime Minister Pedro Sanchez on Friday, Chinese President Xi Jinping said that “there is no winner in a tariff war.”
Additional quotes
- No matter the changes to external environment, China will strengthen its confidence.
- To maintain determination and concentrate on doing its own thing.
- China and Europe should stick to partnership and adhere to open cooperation.
- China and Europe should fulfil international responsibilities, jointly maintain international trade order.
- Both sides should not only safeguard own interests but international fairness and justice.
Market reaction
At the time of writing, US S&P 500 futures. the risk barometer, is up 1.08% on the day while the US Dollar Index (DXY) recovers losses to trade near 100.50.
