Stocks Surge Globally As Trade Truce Reverberates: Markets Wrap [Investor's Business Daily]
DBS GROUP HLDGS LTD S/ADR (DBSDY)
NASDAQ:AMEX Investor Relations:
tiindia.com/article/subsidyfinancials/400
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Source: Investors Business Daily
Stocks rallied globally after the U.S. and China reached a truce in the trade war and agreed to resume talks toward a deal. Treasuries, gold and the yen dropped, but a series of weak factory reports from major economies took the edge off the bond retreat. Futures on all three main U.S. equity gauges rose more than 1%. The Stoxx Europe 600 Index got an extra hand from a weakening euro, as leaders in the region negotiate to fill a series of top jobs including president of the central bank. Every sector on the regional benchmark advanced, with energy shares among the big gainers as crude surged after the trade truce and thanks to a deal between major producers to extend output cuts. Shares in Shanghai and Japan led Asia gains, with markets in Hong Kong closed for a holiday amid further protests in the city. Traders are relieved in the wake of the G-20 gatherings after a deal between Presidents Xi Jinping and Donald Trump lent some hope that a damaging global trade war can still be resolv
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