Global stocks close in on record highs on U.S.-China trade deal hopes

TOKYO - World stocks rallied to near record highs on Friday after China said it had agreed with the United States to cancel tariffs in phases, a key demand of Beijing for sealing a deal to end a trade war that has slowed economic growth and roiled markets.

The index compiler’s gauge of Asia-Pacific shares outside Japan edged up 0.2% in early trade while Tokyo’s Nikkei jumped 0.75% to a 13-month high. The Chinese commerce ministry, without laying out a timetable, said the two countries had agreed to cancel the tariffs in phases.

ON the Precipice.....

Creat a problem then pretend to solve it. Wal street loves it. The rest of is, not so much...

The higher we go, the farther the fall.

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A global index provider is putting more weight on China stocks, raising concerns from lawmakersMSCI later today will announce an increase in the weighting of mainland China in its MSCI Emerging Markets Index, a benchmark used by many global funds and ETFs. Sen. Marco Rubio has raised red flags about the move, saying the pension assets of federal workers should not be invested in companies that work against U.S. interests. We have a free market solution for this. It’s not just MSCI_Inc that has added substantial China A Shares exposure this year. FTSERussell & SPDJIndices have also included substantially more AShares in 2019 Seems smart actually. More fraud = bigger market cap.
Source: CNBC - 🏆 12. / 72 Read more »