[HONG KONG] Equities stuttered on Thursday as investors await fresh developments in trade talks, with US partners looking to reach deals to avoid Donald Trump’s tariff blitz, while oil extended losses on hopes for an Iran nuclear deal.
With excitement from the China-US detente running out of legs, the search is on for fresh catalysts to drive a rally that has pushed markets back above the levels seen before US President Trump’s April 2 “Liberation Day” bombshell.
News that Beijing was suspending some non-tariff countermeasures on US entities for 90 days following the superpowers’ weekend truce did little to inject much more enthusiasm.
With the tariffs crisis calmed for now, dealers can turn their attention to hard economic data, hoping for an idea about the initial impact of Washington’s trade policies.
After figures on Tuesday showing US inflation came in a little below forecasts in April, eyes are on wholesale prices and…
