On Saturday, Chinese official broadcaster CCTV reported that there was 'new progress' in trade talks that wrapped up in Washington on Friday, according to Reuters.
Asia Pacific markets looked set to trade up Monday morning amid improved investor confidence after relatively strong jobs data in the U.S. and reports of progress in trade negotiations between Washington and Beijing.
On Saturday, Chinese official broadcaster CCTV reported that there was"new progress" in trade talks that wrapped in Washington on Friday, Reuters reported. U.S. and Chinese officials were said to have discussed draft agreement text on contentious issues such as technology transfer, protection of intellectual property rights, and the bilateral trade balance, among others.
The U.S. economy added 196,000 jobs in March, according to government data released Friday, beating economists' prediction of 175,000 jobs. U.S. President Donald Trump said Friday that the U.S. economy would climb like"a rocket ship" if the Federal Reserve cut interest rates, following the strong jobs report.
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