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Wednesday, January 16, 2019

CEO of world's largest money manager: There would be a bullish surge on a US-China trade deal

The markets would see a bullish surge in investor sentiment if the U.S. were to reach a trade deal with the China, BlackRock Chairman and CEO Larry Fink told CNBC on Wednesday.

Beijing and Washington are trying to resolve their trade disputes under a tariff ceasefire that ends in March. President Donald Trump and Chinese President Xi Jinping last month agreed to halt any new levies to give diplomacy a chance.

Fink, co-founder of the world's largest money manager, appeared on "Squawk Box," shortly after BlackRock reported quarterly earnings and revenue that missed expectations and assets under management under $6 trillion.

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from Top News & Analysis https://cnb.cx/2RQM3aC
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