Listen: China, Bloomberg And US discussed on Biz 1190 Overnight featuring Bloomberg Radio
"Dot com. Bloomberg business. Apple podcast. Welcome back to the best of daybreak Middle East markets were moving strongly to the upside on Monday morning after the trade true struck between the US and China at the G twenty meeting in Argentina, Bloomberg's Erik shouts skirt. Brought us more details from Buenos iris, then manage got the thoughts of Mark Franklin senior portfolio manager at conning Asian Pacific. It's no exaggeration to say expectations were extremely high heading into this meeting here in Argentina. And while leaders of the world's top twenty economies weren't able to agree on many issues. They did succeed in defusing some of the tensions that legally have clouded the outlook for the global economy and for financial markets. Here are three key takeaways. The big one, of course, a truce in the US China trade war also a victory for Donald Trump on issues ranging from climate change to multilateral ISM. And Thirdly a bullish sign for oil after Russia and Saudi Arabia agreed to extend their deal on production cuts now for a few details. The US gave. China ninety days to show progress on reforming it's trade practices and in exchange will hold off on raising tariffs on Chinese imports. Those new tariffs were due to take effect on January. The first the White House called the dinner between President Trump and president Xi, quote, unquote, highly successful and China said it had prevented more economic friction. Now, we wait to see where China is prepared to make concessions from store to win over his G twenty counterparts on the so-called communicate or closing statement with language that protects for advances his administration's policies on protectionism energy security, and the WTO and finally in another meeting on the sidelines that overshadow the main event Russian President Vladimir Putin and Saudi Crown prince Mohammad bin Salman agreed to continue managing oil supplies that paves the way for OPEC to cut production at its December six meeting in Vienna. Don't read too much into smiles you'll see in the photo ops talk of consensus. This was a difficult meeting. And deep divisions remain. Eric bloomberg.."