Markets ended the day rallying after an initial plunge as bilateral talks between the US and China get underway.
Consumer prices remained relatively unchanged in September, rising 0.1%–lower than economist expectations of 0.2%. Jobless claims were also lower at 210,000 in the week ending October 5, against 218,000 economist estimates.
Moving forward, it’s important to remember that the trade war has been ongoing for over a year. The tariffs are still in place. And until a deal is reached, its effect on earnings and global growth remains more or less uncertain.
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