Investors who woke this morning expecting the Australian sharemarket to jump out of the starting gate and race ahead on the back of Trump’s trade truce with China will feel an anti-climactic disappointment.

So much for Australia’s sharemarket Trump bump. For local investors it was more a case of Trump glump.

When the actual US market opened, the rush of money pouring into it was staggering.Credit: Bloomberg

It was around 5pm on Monday (our time) when the news broke that China and the US had arranged a ceasefire in the trade wars and that further negotiations were ongoing and aimed at reaching a deal in which every nation wins a prize.

The three large US stock prices futures indices set the tone – with live futures pricing surging so quickly that within the space of a bathroom pit stop, you could miss multiple billions of value movements.

When the actual US market opened, the rush of money poured into it was staggering – particularly the tech-heavy Nasdaq index, which rose 4.4 per cent, having already risen 2 per cent over the previous couple of days.

The direct damage to Australian........

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