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There are certain commitments that the United States is making in this agreement, and there are certain commitments that China is making.

“I would expect that the enforcement mechanism works in both directions, that we expect to honour our commitments, and if we don’t, there should be certain repercussions, and the same way in the other direction.

Global stocks starting unsurprisingly higher to the week on combination of better China data, elevated optimism over US-China trade talk -amp; pos handover from Wall St on Fri. IMF-World Bank spring meetings cautious but constructive. Bonds unchg w/US 10y at 2.55%. Bitcoin at $5.2k.

Risk on sentiment greets European traders this morning as Asian stocks rally on hopes of a US-China trade deal.

US Tres Sec Mnuchin hopes US-China trade talks nearing "final round"
An agreement would go "way beyond" previous efforts to open China"s markets to American firms

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