No progress has been made in the US-China trade negotiations at the Deputy level

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      U.S. stock index futures fell early Thursday in Asia, while safe-haven currencies, the yen and the Swiss franc, rose after media reports that the U.S. and China had not made progress in their deputy trade negotiations earlier this week.
According to the South China Morning Post, a delegation led by Chinese Vice Premier Liu He to the United States is scheduled to leave Washington on Thursday. Negotiations between the two sides'competent officials are only one day long. The Chinese delegation originally planned to leave Washington on Friday evening.
E-Mini S&P 500 Index futures fell 1.1%. Chicago Stock Index Futures implied a 0.4% drop in Nikkei Index. N225.
On the exchange market, the yen rose 0.3% to 107.11 against the dollar and the Swiss Franc rose 0.3% to 0.9929 against the dollar.
The offshore renminbi fell 0.4% to 7.1685 against the dollar, hitting its lowest level in five weeks.
Less than two hours before the South China Morning Post published the report, US President Trump told reporters that he believed China was more interested in reaching an agreement than he was.
Chinese government officials, diplomats and investors told Reuters they were surprised and uneasy that the United States had blacklisted some Chinese companies this week. Beijing lowered its expectations of significant progress in trade negotiations with the United States this week.


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