US stocks gain as Trump confirms China deal on track | Malay Mail

About 25 minutes into trading, the Dow Jones Industrial Average was at 26,216.39, up 0.7 per cent. — Reuters pic

NEW YORK, June 23 — Wall Street stocks rose early today after US President Donald Trump confirmed that a trade agreement with China remains on track, overruling an aide who said the deal was derailed.The broad-based S&P 500 gained 0.7 per cent to 3,139.60, while the tech-rich Nasdaq Composite Index also climbed 0.7 per cent to 10,126.17.

Worries about the deal between Washington and Beijing hit US stock futures yesterday night after White House advisor Peter Navarro said in a television interview that the agreement was “over.” Navarro, in the course of an interview with Fox News, also blamed the coronavirus outbreak in the United States on China, amplifying a grievance that Trump himself has championed.Investors continue to monitor rising coronavirus cases in many parts of the US.

Governors in Texas, Florida and other states have signalled they plan to continue on with reopening their economies, but higher outbreaks could depress consumer activity or prompt more companies to shut down voluntarily. — Bernama

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Asian stocks climb after volatile trade on US-China trade confusion | Malay MailSYDNEY, June 23 — Asian equity markets bounced on Tuesday after US President Donald Trump said the US-China trade pact was “fully intact”, clarifying earlier confusing statements from the White House over the fate of the deal. MSCI’s broadest index of Asia Pacific shares outside of Japan...
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