Investors are watching the development of the US-China trade front, and high-level negotiations have to start later.
"Today can be a decisive day for financial markets with the opening of US-China trade talks in Washington, and then with FOMC, which presents its latest announcement and statement.The investors hope for a positive outcome of the negotiations, and Stephen Munchin has lifted some hopes by saying that "Everything is at the table," and that the US can raise tariffs for China, the Market will look again for solid progress before a real rally can take place, "says the note. 19659002] China's Deputy Prime Minister Liu will meet with amor US market makers fear Huawei's shock may undermine the chances of the two largest economies in the world to reach a comprehensive trade deal. Trump is "moderately optimistic" for China and the United States, entering into a deal before the March 1
Before the talks, Apple CEO Tim Cook said to CNBC T uesday: "There is a little more optimism in the air over January, or with with certainty feel it anyway. "
Cook's comments came after the technology giant reported earnings that largely matched expectations.
Meanwhile, the US Federal Reserve will announce its decision on monetary policy after a two-day meeting of the Federal Open Market Committee. Market expectations for interest rate hikes on Wednesday afternoon are close to zero, according to the CME's FedEtz tool.
ANZ Research's Richard Jécíga said in a morning note: Significant progress between the two countries and, although possible steps forward, this week is unlikely to lead to the security that markets are looking for. "Trading uncertainty plays a role in the Fed's decision to stop the interest rate for the moment. We expect the Fed to confirm a temporary pause at its meeting tomorrow, "he added.