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China: October trade talks on track but tensions still run high – Danske Bank

According to Danske Bank analysts high-level trade talks remain on track for the week starting 7 October, but elevated US-China tensions create difficult conditions to reach a real deal.

Key Quotes

“Chinese stocks and the CNY gave back gains in sign of caution ahead of the talks.”

“PRC's 70-year anniversary is celebrated on 1 October. It will be a demonstration of economic achievements as well as military capabilities.”

US: New orders for manufactured durable goods in August increased 0.2%

The data published by the United States (US) Census Bureau today showed that new orders for manufactured goods in August increased $0.5 billion, or 0.
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