Premarket: Trade war thaw and ECB hopes lift stocks to six-week highs

This translation has been automatically generated and has not been verified for accuracy.World stocks climbed to their highest in six weeks on Thursday as the European Central Bank prepared to offer new stimulus measures and the United States and China made mutual concessions in their trade dispute, improving demand for riskier bets.

Some analysts said investors were getting too eager for good news on the U.S.-China trade war. The prospects of a quick resolution were still remote, they warned. Major central banks worldwide are loosening monetary policy, inflation expectations are sliding and the powerhouse German economy is at risk of recession. Consequently, ECB President Mario Draghi has all but promised more support.

“We could see some disappointment here. The challenge is more about forward guidance and reassurance for the future,” said Christophe Barraud, chief economist at Market Securities in Paris.

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