Awaiting the joint statement from China and the US on Geneva trade talks – no time set

Chinese Vice-Premier He Lifeng said a joint statement would be released in Geneva on Monday.

• Vice-Commerce Minister Li Chenggang said it would contain “good news for the world”.

As yet I haven’t found a scheduled time for the release of this expected joint statement.

What we have had so far from official statements has been a bit vague, as posted much earlier:

China side:

• a mechanism for further talks has been agreed (agreed to establish a ‘China-US trade consultation mechanism’ )
• the joint statement to come will be “good news for the world.”

US side:

• Bessent said there had been “substantial progress”
• Greer said that “perhaps the differences were not so large as maybe thought”

As for markets, in summary:

• EUR/USD traded a gap lower very early Monday but has more or less converted that gap
• USD/JPY gapped higher in early trade and has retraced around 50% of the gap
• USequity index futures opened with a gap higher and have barely retraced at all
• Oil opened with a gap higher and has filled it

From earlier also:

This article was written by Eamonn Sheridan at www.forexlive.com.