Stocks gain on trade hopes, risk appetite lifts dollar

NEW YORK - The dollar strengthened and global stock markets rallied on Monday on signs the United States and China are nearing the end of a damaging trade war as well as indications the world economy may dodge a recession.

Beijing and Washington spoke Friday of progress in trade talks and U.S. Commerce Secretary Wilbur Ross said on Sunday licenses for U.S. companies to sell components to China’s blacklisted Huawei Technologies Co will come shortly. Gold edged lower while the dollar gained on higher risk appetite as trade hopes grew after Ross said there was no reason a deal could not be on track for signing this month.

“Market trends are being influenced by a better risk mood overall,” said Shaun Osborne, chief FX strategist at Scotiabank in Toronto.

Trump manipulates the Stock Market again.

Reminds me of this story:

Instead, let’s ratchet up the pressure and make China howl. We must break them.

TRUMP is a great bitch

How many times will we be told the trade war is nearing an end?

And yet the GDP is only 1.9 when TrumpImpeachment said it would be 3, 4, or even as high as 5 when he was in office. DumpTrump WageSlump

As usual the Dow is grasping at straws and depending on lies. This is not sound financial reasoning. It will lead to another recession.

Optimism on impeachment

SavardSavard39

MAGA WINNING

-GDPNow cut to 1% while median CPI is at 3%. - Fed just printed $260B in 2 months. - 3 rate cuts in 3 months. - The entire Treasury curve now below inflation. - CBs easing worldwide. - $15+T of neg yielding bonds. It's a shit show!

Over-valued stocks, and artificially boosted economy thanks to cutting rates at the slightest hiccup. Basically, used a lot of the tools made for recovery during a time when they were not needed. Short-term benefits which used up a lot of maneuvers. The future is scary.

When others are fearful, I am greedy, when others are greedy, I am fearful.... The Oracle of Omaha (paraphrased)

🎵🎶The party's over....🎵🎶

It goes up and down and nothing bad will ever happen..... we do this to ourselves

Canada Canada Latest News, Canada Canada Headlines

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