Here’s what the new trade deal means for the markets

  • 12/13/2019
  • Source: CNBC
  • by: Patti Domm
Here’s what the new trade deal means for the markets
The trade deal agreed to by the U.S. and China diffuses tensions between the world’s two largest economies, and could help boost corporate profits marginally and the global economy next year, analysts say.

That would be a positive for stocks and suggests that analysts may also upgrade expectations for the market in 2020.

However, policy analysts say there are still thorny issues between the two countries that will continue to be a focus and possibly a source of market volatility. Those would include national security issues, the continued clash between the U.S. and China on technology and U.S. concerns about human rights in Hong Kong and among China’s Muslim population.

“The key is you are telling businesses not only tariffs are not going up, but they are going down. The biggest consequences of that is you could start to see business spending going up as confidence is coming back,” said Daniel Clifton, head of policy research at Strategas.

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