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Trump's presser unveils new measures..........>

CHINA
CHINA: Trump's presser unveils new measures against China including (but not
limited to):
- US terminating relationship with WHO ... Will redirect funds to other
organizations - nothing that hasn't been threatened before
- Will take action to stop entry of some foreign nationals on security grounds
- Taking action at Chinese firms listed on US exchanges - again nothing we
haven't heard before
- Equities initially responded negatively, before bouncing aggressively at the
end of the conference, with Trump being particularly light on detail on not
unveiling any measures that hadn't been hinted at previously. Treasuries remain
bid though, with 10y yield touching a new daily low but CNH broadly unmoved so
far.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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