Economists: The market's optimistic expectations for the China-U.S. trade protocol have triggered a rise in stock index futures and a fall in gold.

According to Deep Tide TechFlow news, on May 12, economist Peter Schiff posted on social media stating, "Although no specific terms have been announced yet, stock index futures are rising and gold is falling due to optimistic expectations regarding the China-U.S. trade protocol. If the protocol includes significant tariff reductions, then the only factor that can reduce our trade deficit is a substantial appreciation of the renminbi."

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Share
Comment
0/400
CryptoLoverArtistvip
· 05-12 00:33
this means BTc will also be stable around this price. Correction expected tomorrow
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)