US stock contracts in Asia are increasing after the announcement of an imminent trade agreement

The futures for US indicators have increased and Asian stocks have reduced their losses, after President Donald Trump said he was planning to hold a press conference on Thursday to announce a ‘big’ trading agreement. The “Standard & Poor’s 500” index reduced its previous losses and increased by 0.5% after Trump announced the agreement by a post on the “Truth Suosal” platform, without revealing the name of the state concerned. European stock futures also jumped 0.7%. The US administration is expected to announce an agreement with Britain, according to a New York Times report. As a result, the Sterling Pound continued with its profits to climb 0.4%. At the same time, the Asian stock index fell 0.1% amid narrow scale trading, after the Federal Reserve kept interest rates unchanged. The turnover of US bonds also dropped, and the price of gold increased by 0.8%. The pace of unrest has dropped significantly since the first weeks of April, partly thanks to the commercial concessions Trump made, and also thanks to a series of economic reports that strengthened the trust of optimists in the markets. The attention is currently focused on the results of the talks with China scheduled this week in Switzerland, after Trump escalated his global trade war by drawing up customs duties that are more than 100% on Chinese imports, and Beijing replied with similar measures. Trump previously said he was not ready to reduce customs duties on China in a proactive to open the door for more in -depth trading negotiations with Beijing. The markets rose on Wednesday after China and the United States announced plans to keep in Switzerland this week. The US president imposed customs duties of 145% on many Chinese imports, while Beijing responded to US commodities with import duty of 125%. The United States had earlier announced a significant progress in talks that it had made “great progress” to reach a bilateral trade agreement, following talks between US Vice President JD Vans and Indian Prime Minister Narendra Modi. Trump also said that there is “great progress” in the ongoing negotiations to enter into an agreement with Japan. But the most important question currently facing monetary policy is: How long will this positive news continue in light of Trump’s commercial policy? Traders are still cautious after the chairman of the Federal Reserve Jerome Powell tried to calm concerns about the US economy, at the same time warning about the high risk of unemployment and the acceleration of inflation. “The Federal Reserve does not really know where the customs duties will settle, and it is important. If these fees are applied, no one knows exactly what the consequences for growth infection will be,” said William Dadley, the former New York Reserve Council head in an interview with Bloomberg TV. He added: “The case is not limited to the basic scenario, but is also related to risk management. It is important that you do not make the wrong decision so that you can respond effectively if things are actually revealing.”