Stocks rise as risk outlooks improve across Europe and Asia

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The Dow Jones industrial average, S&P 500 index, and Nasdaq composite all rose during US trading on Wednesday.

Stocks rebounded on Wednesday as traders found relief in a broad-softening of geopolitical risks across Europe and Asia.

Hong Kong leader Carrie Lam said she formally withdrew a controversial extradition bill that incited weeks of protests around the city. Hong Kong stocks jumped about 4% on the news. The move was seen as a major easing of political tensions in Hong Kong. Some investors were growing worried the tensions could both hurt trade negotiations between the US and China and drag the global economy closer to a recession.

UK lawmakers moved to block Prime Minister Boris Johnson's brexit plan, soothing concerns that Britain could exit the European Union without a formalized deal. If the law passes the House of the Lords, it would force Johnson to request a three-month delay on the UK's departure from the EU. Investors have been jumpy over the last several weeks as a combination of geopolitical tensions throughout Europe and Asia, bumpy US-China trade negotiations, and mixed economic data has clouded the outlook for the global economy.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

total BS

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia stocks dented by trade war, Brexit showdown paralyzes poundGlobal stocks faced headwinds on Tuesday, stymied by U.S.-China trade frictions ... meanwhile my bitcoin rallied StackSats
Source: Reuters - 🏆 2. / 97 Read more »

Asia stocks dented by trade war, Brexit showdown paralyses poundUS bond yields up slightly after sharp fall in August, while European shares seen dipping slightly. Meanwhile, pound sterling drops to just below $1.2, its lowest level since January 2017.
Source: trtworld - 🏆 101. / 63 Read more »

Asia stocks set to open little changed as investors await Australia's GDP dataAsia stocks were set to open little changed on Wednesday as data released overnight showed U.S. factory activity in August contracting for the first time since early 2016.
Source: CNBC - 🏆 12. / 72 Read more »

Asia stocks dip after poor U.S. data stokes recession fearsAsian stocks dipped early Wednesday after poor U.S. economic data stoked global ... Stop stealing the West's intellectual property China 👎
Source: Reuters - 🏆 2. / 97 Read more »

Asia stocks bounce on firmer Chinese lead, pound steadiesAsian stocks bounced on Wednesday, led by Chinese markets after a report showed ...
Source: Reuters - 🏆 2. / 97 Read more »