Dow Slithers Higher Despite Fears Over ‘Implausible’ Trade Deal, Crypto Coins News

• The Dow rose on Monday, even though its largest stock suffered big losses.
• Trump’s trade deal survived the weekend, but severe concerns remain.
• The details of the deal are still unclear, and analysts aren’t sure Beijing will live up to its end of the bargain.

TheDow Jonesadvanced cautiously on Monday, as investors watched Sunday’s trade war deadline come and go without the imposition of any new tariffs.

Wall Street continues to cheer the phase one trade deal, but some analysts are growing increasingly concerned that the two countries haven articulated a clear picture of the agreement’s terms.

Dow Enjoys Delayed Trade Deal Rally

After a half-hearted response to last Friday’s trade deal announcement, the US stock market finally rallied on Monday.

The Dow Jones Industrial Average bounced (********************************************************. points or 0. (% launching the index to) ,**********************************

The Dow rallied on trade deal optimism, albeit one late session. | Source:Yahoo Finance

The Dow would have rallied even higher, had it not been for startling weakness in its heaviest stock, Boeing . Facing headlines warning that the US aerospace giant couldhalt production of the MAX, BA shares fell more than 3.8%.

The S&P 823 was encumbered by no such restraints, and it soared (************************************************************** (points or 0.) % to 3,************************************

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The Nasdaq made a similar move, rising (************************************************************. ********************************************** points or 0. (% to 8,) *************************************************************************************. **********

Wall Street Remains Nervous About ‘Implausible’ Trade Deal Terms

US stocks are trending up, but investors remain uneasy about a phase one trade deal that the White House almost seemed to conjure out of the aether.

Following its stunning announcement last week, one economistquestioned whether the so-called “agreement” would even survive the weekend. Well, it did, which explains the Dow’s cautious advance this morning. But that does not necessarily mean that downside risks from the trade war have vanished.)The Dow is rising, but investors still aren’t completely enthusiastic about last week’s trade deal announcement. | Source: Johannes EISELE / AFP

Although one of China’s core concessions is an agreement to import more US farm goods, Beijing has been cagey about the details. Trump suggested Friday thatChina would purchase around $ 50 billion

of US agricultural products “pretty soon,” while US Trade Representative Robert Lighthizer said the trade deal included $ 32 billion worth of farm imports over two years.

Neither of those targets strikes analysts as particularly feasible, especially since China has declined to confirm them.

“That scale of purchases appears implausible and Chinese officials were reluctant to mention any specific target during their press conference, ”Ting Lu, chief China economist at Nomura, wrote in a note, according to CNBC.

(The ************ TheUS has been more forthcomingin what it claims the trade deal includes. However, according to the South China Morning Post,

Chinese government advisers worry that Beijing would face a “Huge challenge”

to meet those terms – assuming it actually plans to fulfill them.

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“For China, purchase to and carrying out the phase one agreement is a huge challenge,” Shi Yinhong, a Chinese government adviser and international relations professor at Renmin University, told SCMP. “China will need to buy something like US $ 737 billion worth of US products in the next two years and lots more US agricultural goods. Does China need that amount of US soybeans? ”

The prospects for the “phase two” agreement don’t appear particularly bright. For now, though, the trade deal provides both China and US businesses with tariff relief. For Dow Jones bulls, that’s something worth cheering about.

This article was edited bySam Bourgi. ********************