Dow Jones Industrial Average (DJIA) futures swung back and forth on Tuesday morning.
Phase one trade deal reveals China’s commitment to purchasing $ billion billion goods.
But analysts are skeptical about whether the agreement can be enforced.
After two years of excruciating talks, tit-for-tat exchanges, and political theater, President Trump’s phase one trade deal with China is here. But the stock market has no idea how to price it. Dow Jones (DJIA) futures swung wildly on Tuesday as traders seek to understand the details.
Here’s what you need to know. According to Reuters, the headline figure is thatChina will commit to buying $ billion of US goodsover the next two years.
It breaks down as follows. $ billion of manufacturing goods, $ billion in energy supplies , $ billion in services, and $ 30 billion in agriculture.
“[It’s] a really, really good deal for the United States.” – Robert Lighthizer, United States Trade Representative.
******** Dow futures struggle for direction
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collapsed more than points overnight before pairing losses early in the morning. Traders battled to make sense of the trade deal commitments and what it means for the stock market.
********************Dow Jones Industrial Average (DJIA) futures endure choppy overnight session. Source: Yahoo Finance
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