"Not True" - Stocks, Yuan Slide After Admin Official Denies Trump Trade Deal Rumor

It seems it was 'noise' after all, CNBC's Eamon Javers confirms that The White House is admitting that "there is a long way to go" on a trade-deal with China... stocks and yuan are rapidly erasing their hope-strewn ramp...

NEW: A senior administration official tells me that the report president Trump is ready to cut a trade deal with China is not true. “There is a long way to go” on negotiations, the official said.

Stocks are tumbling...

And Yuan is dropping notably...

So was it just a ruse to juice stocks ahead of midterms? Surely not?

Tags