Norland said at Phillip Capital
KUALA LUMPUR: A “huge rally” may be in store for commodity and equity markets should the United States and China surprise investors by sealing a trade deal, said CME Group senior economist and executive director Erik Norland.
“On the other hand, it is also not the end of the world, if US President Donald Trump delays the implementation of a 25% tariff on China goods while both countries return to the negotiating table. Or maybe both US and China might reach some sort of a grand deal,” he added.
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