U.S.-China Trade Deal: JPM Sees Stocks Upside, BofA Watches Yuan

(Bloomberg) — The U.S. and China agreed Friday to the contours of a partial trade deal that Presidents Donald Trump and Xi Jinping could sign as soon as next month, but there’s still a lot for investors to chew on.Questions remain on everything from whether the deal will actually be completed to the import taxes on all remaining Chinese shipments due to start Dec. 15.Here are some thoughts from market strategists:Min Dai and strategists at Morgan Stanley in Hong Kong“Before the trade deal, investors’ conviction was low and positioning was light. The light positioning in emerging-market foreign exchange could provide …read more

Source:: Yahoo Finance

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