Stocks climb as ECB stimulus and trade progress temper global growth fears

Stocks climbed on Thursday after the European Central Bank moved to cut interest rates and the US and China cooled trade tensions with tariff delays and exemptions. The European Central Bank slashed its benchmark deposit rate deeper into negative territory and expanded its bond-buying program. China said it planned to exempt a short-list of items from US products from upcoming tariffs, while President Trump announced the US would delay increasing duties to October 15.

Stocks climbed on Thursday after the European Central Bank moved to cut interest rates and the US and China cooled trade tensions with tariff delays and exemptions. The European Central Bank slashed its benchmark deposit rate deeper into negative territory and expanded its bond-buying program. China said it planned to exempt a short-list of items from US products from upcoming tariffs, while President Trump announced the US would delay increasing duties to October 15.

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