Daily Forex Outlook May 4, 2018

stocks and shares

Trade talks between the US and China this week concluded today in Beijing with a promise to keep the talks open but acknowledging significant disagreements without offering details on when they would reopen. Reaching an agreement in such a short time, after years of differences and disagreements, seemed unlikely, so global markets will remain unsettled by persistent tensions and the intention to impose sanctions on their counterparts. A series of demands were made known to their counterparts. Markets have been closely monitoring the talks in Beijing for signs that the world's two largest economies are making progress on trade, but so far, progress has been limited.

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