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Main » 2020 » February » 7 » DAILY NEWS - Trump and Xi Jinping held a telephone conversation
11:05
DAILY NEWS - Trump and Xi Jinping held a telephone conversation

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US and Chinese leaders reiterated their commitment to the implementation of the trade agreement

People's Bank of China is trying to reassure the financial markets

 

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China's state media reported today held telephone conversations between the leaders of the US and China. The parties once again reaffirmed their commitment to fulfill their obligations under the previously signed interim trade agreement. Also in the course of the talks, Xi said Trump on the measures taken to deal with a deadly strain of coronavirus. Xi pointed out that the virus does not change the long-term growth trajectory of China's economy


Today, the People's Bank of China has tried to calm the financial markets by making a number of statements. The regulator said that the epidemic coronavirus result in a temporary reduction of economic growth in the 1st quarter of 2020. People's Bank has a wide range of tools for stabilization and leveling of the negative consequences of the epidemic. The regulator has hinted that in February the rate of medium-term lending (MLF) and the rate on loans to prime borrowers (LPR) will be reduced.

 

News, which you should pay attention today:

13:30 GMT. US labor market report for January

13:30 GMT. Canada: a report on the labor market in January

15:00 GMT. Canada: Business Activity Index (PMI) Ivey in January

 

News and forex analyst company  FORTFS

 

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