Source: Zero Hedge
World Stocks Pause At Record High To Asses US-China Trade Deal US equity futures dipped and world stocks eased off record highs on Wednesday with US and German bond yields slipping as euphoria over the US-China trade deal set to be announced today fizzled after Steven Mnuchin said tariffs on billions of dollars of Chinese goods coming into the U.S. are likely to stay in place until after the U.S. presidential election, and any move to reduce them will hinge on Beijing’s compliance with the phase-one accord, people familiar said Today’s main event will be the phase one trade deal signing. As DB’s Jim Reid writes, the closely guarded text still remains a bit of a mystery and as such the devil will be in the detail. All will be revealed later though with a reminder that the signing is expected to take place at the White House at 11.30am EST. It’s said to be an 86 page document but for those of us used to 550 plus page Brexit agreements that were eventually voted down this is a walk in the park.