Osaka 2019: 3 lessons from the G20 summit
Donald Trump’s quick trip into North Korea to “say hello” to Kim Jun Un might have overshadowed the culmination of the 2019 G20 summit, but the markets didn’t fail to notice developments from Osaka. Bourses around the world leapt on Monday morning following the big news from the summit: the US and China have agreed to restart trade talks. Here we discuss what that means for your investments alongside two other big lessons from the meeting of leaders.
1. China and the US are back on speaking terms
The US and China agreed on Saturday to restart trade talks after Donald Trump offered concessions including no new tariffs and an easing of restrictions on tech company Huawei in order to reduce tensions with Beijing.
The share price leap of technology stocks in particular shows how badly the trade war has been weighing on sentiment. IQE (LON: IQE) was London’s most noticeable winner, up almost 12% to regain some of the ground it lost last month when management admitted that the trade war is likely to have an impact on future…
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