Hang Seng, China stocks trapped in range-bound trading amid caution over trade deal

  • Swiss asset manager Pictet Wealth Management foresees gloomy 2020 for US dollar
  • Chinese oil-related stocks gain on establishment of new state pipeline group

Topic |   Stocks Blog

The looming December 15 deadline for a trade deal between the United States and China could limit any upside in Hong Kong and China stocks, with no specific plan yet in place. US equities rallied on Friday on better-than-expected jobs data, but last week was a bit of a roller-coaster for stocks amid conflicting signs on progress in negotiations between the world’s two largest economies.
Central banks will also be in the spotlight this week, with policy meetings at the Federal Reserve and the European Central Bank possibly offering clues to what lies ahead in 2020, in terms of monetary easing.

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– Yujing Liu and Azar Zaidi in Hong Kong

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