US-China trade deal possible by end of month: Peter Cardillo, Spartan Capital

I remain optimistic that we will get a trade deal between US and China and it can happen by the end of this month, said Peter Cardillo, Chief Market Economist, Spartan Capital Securities, in an interview with ET Now.

Edited excerpts:

What are you expecting as a result of the Brexit vote?

There is a good possibility that the British Parliament may actually approve it and that would be a win-win situ ..

The would lift a lot of uncertainties and give a boost to investors and consumers confidence as well. That probably means we could avoid a hard landing in China and even slower growth in the US.

What is your view on the central banks’ policy stance across the key economies to give a fillip to the overall economic picture? Is it good enough a measure or would they need more stimulus and more support going forward in order to sort of at least sustain the growth if not see a pick ..