Global stocks surge on trade-war hopes after Wilbur Ross says talks are 'making good progress'

Global stocks soared on hopes for a trade deal on Monday after US Commerce Secretary Wilbur Ross said talks were"making good progress." According to Bloomberg, Ross said at a business forum that the US and China were"very far along." Ross also made comments about US licenses to sell to Huawei and tariffs on automakers, helping lift stocks higher. View Business Insider's homepage for more stories.

Global stocks soared on hopes for a trade deal on Monday after US Commerce Secretary Wilbur Ross said talks were"making good progress." According to Bloomberg, Ross said at a business forum that the US and China were"very far along." Ross also made comments about US licenses to sell to Huawei and tariffs on automakers, helping lift stocks higher. View Business Insider's homepage for more stories.

Global Stocks rise on endless positive blathering. Algos are like that.

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Source: CNBC - 🏆 12. / 72 Read more »