Markets plunged on Tuesday, at least partly because of fears over the fragility of the US-China truce on trade. China tried to bolster belief in a deal this week by publicly reaffirming its commitment. However, any hopes of a trade agreement took a definitive nose dive today as the CFO of Chinese giant Huawei was arrested in Canada at the US’ request. Futures markets dove so sharply on the news that the CME had to stop trading for a period.
FINSUM: This could be a very wild day. Market are off to a rough start this morning, but the mood in the afternoon will be the big test of sentiment, in our opinion.