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US Treasury Sec. Mnuchin: Have a conceptual agreement with China on enforcement areas

In an interview with Fox Business Network, US Treasury Secretary Mnuchin said that they will enter into a trade deal with China if they can get a good deal and added that they have a conceptual agreement with them on enforcement areas.

Commenting on the country's economic performance, Mnuchin said that he doesn't see the yield curve signalling a recession in the US and added that he was expecting a positive year ahead. Regarding the possible tax cuts, Mnuchin explained that they have not yet made any firm decisions on easing capital gain taxes.

 

EUR/JPY clings to gains above 118.00

The positive mood in the riskier assets keeps propping up the downside in the Japanese currency, boosting EUR/JPY to daily highs in the 118.20 region.
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Germany mulls creation of "shadow budget" to work around restrictions of national debt rules - Reuters

Citing three people familiar with the internal discussions, Reuters reported that Germany was considering the creation of a "shadow budget" with an ai
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