Investors desperate for good news about trade and global economic growth are in luck.
The result: Global markets have pushed higher, led by Hong Kong's Hang Seng.
This does not mean that the volatility of last week should be set aside. Trump said a trade deal that would remove billions of dollars in tariffs remains elusive. "China would like to strike a deal," he told reporters Sunday. "I'm not ready."
Another red flag: Trump also threw cold water at the idea that Chinese technology firm Huawei could be hooked. This is a major barrier to release tension between Washington and Beijing, which sees Huawei as a national champion.
"I don't want to do business at all [with Huawei] because it's a threat to national security," Trump said. It follows reports that the US Department of Commerce can extend a temporary license that allows US businesses to sell Huawei components, despite the US export ban.
Stocks could show resilience this week, hopefully, J Powell, chairman of the Federal Reserve, will review the Fed's September decision when central bankers gather for a Jackson Hole summit. But there is reason to be skeptical that central banks can save the bull market at this time.
Global slowdown is due to dividends
Dividends paid to global shareholders reached a record $ 513.8 billion in the second quarter, But growth was slowest in more than two years , according to a new report from Janus Henderson, an asset management firm.
"The slowdown in the global economy and its associated impact on corporate profits have begun to have an impact on dividends," the report says.
More: "The major [dividend] growth of 4.6% is an objectively good figure, but it is still weaker than the growth seen in the last few years. "
In the United States
Remember: I wrote last week that JPMorgan predicts that the share buyback has reached its highest number in the 2018 cycle. Shareholders accustomed to reap large profits may be in the offing .
Coming tomorrow: More retail revenue may shine a light on sweat Home Depot, Kohl's, TJX and Urban Outfitters will share results.