Vague US-China deal fails to 'clear the air' for companies to start spending and investing again

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Vague US-China deal fails to 'clear the air' for companies to start spending and investing again
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Wall Street analysts were largely skeptical of Trump's announcement on Friday of a substantial trade deal.

Wall Street analysts were largely skeptical of Trump's announcement on Friday of a substantial trade deal, as Evercore ISI strategists noted that it "focused on the low-hanging fruit, with a lot vague or not addressed."

China's trade negotiators want to meet for more talks in the next couple of weeks, people familiar with the matter told CNBC'son Monday. Before Chinese President Xi Jinping signs the "phase one" trad agreement, the nation's negotiators want to add more detail. "We believe it sets a floor for markets for at least the next 1-2 months," Credit Suisse analysts Dan Fineman and Kin Nang Chik said.

"At this point we continue to expect implementation of that tariff round ... though likely with a delay into early 2020," Hatzius said.

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