The news of a 90-day trade truce between presidents Trump and Xi’s was widely welcomed this week. It was probably the most that could be expected of their much-anticipated dinner conversation at the fringes of the G20 summit last weekend in Argentina. Despite offering the prospect of a road-map to new trade terms and thereby the potential for defusing the biggest concern for any 2019 outlook, its good news fuel for stock markets only lasted for a one-day stock market rally, before equities were once more caught in selling downdraft.
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