The heat on the US-China trade war has finally been turned down as the two countries have reached an agreement on their “phase one” trade pact. Under the deal, the United States has agreed to suspend tariffs on Chinese goods in exchange for Chinese purchase of American farm products over the next two years.
The US Federal Reserve has taken down its benchmark rate for the third time on 30 Oct, setting the fund rate in the target range of 1.5% to 1.75% which was cited to “provide some insurance against ongoing risk” facing the US economy. The recent decision to hold the interest rate steady in Dec could be a signal by the Fed to move into an extended pause for 2020.
Now with the Fear & Greed Index standing at 90, it could possibly be seen as a bellwether for an overheated market in the US.
Hong Kong has seen months