FT商学院

No tariff inflation yet
关税通胀尚未形成

And copper distortions
以及铜市场的扭曲。

Good morning. Yesterday the US and China announced that they have agreed to a framework to restore a trade-war truce. The details are sparse, but it appears that there will be concessions from China on rare earths and magnets, and the US will soften some technology export controls and visa restrictions. The market did not get excited: the S&P 500 finished the day down 0.3 per cent, and Chinese markets only rose a little. Email us: unhedged@ft.com

早上好。昨天,美国和manbetx3.0 宣布已就恢复贸易战休战达成框架协议。虽然细节尚不明确,但看起来manbetx3.0 将在稀土和磁体方面作出让步,而美国则会放宽部分技术出口管制和签证限制。市场反应平淡:标普500当日收跌0.3%,manbetx3.0 金融市场也仅小幅上涨。如有意见,请发邮件至:unhedged@ft.com(风险管不管)。

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