A US-China trade deal is only half the fight

SINGAPORE (Jan 14): Equity markets have been rallying on the prospect that the trade-related cloud hanging over the global economy could be lifting.

The Standard & Poor’s 500 index is up more than 5% since Jan 10, buoyed by last week’s strong US jobs figures and the sense of momentum in talks between US and Chinese negotiators. The two countries can reach a deal they “can live with”, US Commerce Secretary Wilbur Ross told CNBC on Jan 7.

His boss seems equally optimistic:

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