If ifs and ands were pots and pans, there’d be no work for tinkers’ hands

Editorial Even though the “positive” news on the progress in the Sino-American negotiations that emerged on Thursday following the announcement of “an agreement between the parties to gradually lift the tariffs implemented if a phase 1 of a possible deal is signed ” fuelled some optimism across markets, the wait-and-see stance that has been reigning for months seems far from over. Apart from the news flow, we will continue to watch out for any sign of clear and concrete conclusion to the issues that have been lingering for a while – the back-and-forth of the Chin a -US discussions, the endless Brexit saga, new elections in Spain - or a stabilisation of indicators of economic activity.