Wyllian Capucci
26/07/2021
Impasse
China reacted to US policies in a tense start to high-level negotiations inTianjin, publishing a list of demands and declaring the relationship between the two largestworld economies in an “impasse”. Deputy Foreign Minister Xie Fengtold Deputy Secretary of State Wendy Sherman that some Americans want to retractChina as an “imaginary enemy”, according to reports released by the Ministry ofForeign Relations at the start of negotiations. Still, Xie said that Beijing iswilling to explore common ground and negotiate with the US on an equal footing. Attalks in Tianjin, about 60 miles east of the capital Beijing, represent thehighest level face-to-face meeting between the two sides since a bitter exchange in theAlaska in March. If they are fruitful, they can arrange a meeting between thepresidents Joe Biden and Xi Jinping, possibly at a G20 summit inOctober
Agreement due
Senators who are negotiating a $579 billion infrastructure packageintend to conclude negotiations earlier this week, under pressure from peers tosave the August recess and allow the Senate to avoid closing the government anddefault of the debt ceiling in the fall. A scheduled five-week breakto start on August 9 is motivating the 22-member bipartisan group toreach an agreement after Republicans rejected the leader’s deadline for action.Senate majority, Chuck Schumer, last week. Schumer has the ability toquickly stage a re-vote on your failed motion to open debateon infrastructure as early as Monday, but people familiar with the negotiationssay this is likely to happen at the end of the week, due to the disputespersistent questions about how to pay for this funding and other issues.
Virus spreads
The leading infectious disease expert in the United States, Anthony Fauci,warned that the country is going in the “wrong direction” in fighting a new wave of the pandemicas vaccinations decline, and said that a booster shot can benecessary, especially for the most vulnerable. The number of cases in the USincreased 62% from the previous week. Covid infections increasedglobally in two months, as delta variant spread and low levels ofvaccinations in most Southeast Asian nations have increased. Still, thefatalities remained relatively low in the US, UK and Spain due tohigh vaccine coverage, while deaths are increasing in India, Brazil andIndonesia
Market Crash
It’s a risk-free tone for the start of a busy week of profits and updates forpolicies, with China’s growing technological repression weighing on the sense ofrisk. Overnight, the MSCI Asia Pacific index fell 1%, while the Topix index of theJapan rose 1.1%. In Europe, the Stoxx 600 Index fell 0.4% at 6:18 am EDT. YouS&P 500 futures pointed to a fall in the open, the Treasury yield of10 years was at 1.24%, oil fell and gold rose. Bitcoin fired for itselfapproaching $40,000, a rebound some have attributed to traders who
Coming
It’s a quiet day before the Federal Reserve meeting starts this week. The dataJune new home sales are released at 11am. Tesla Inc. reports earningsof the second quarter after the bell, with Lockheed Martin Corp., Hasbro Inc. and AmeripriseFinancial Inc. also due
Source:https://wintrademarkets.com/
