All major US stock indexes rose more than 1.4% on Thursday as China set the yuan's fixing price at a stronger level than analysts and investors expected, which allayed worries around a further trade-war escalation. China also said its exports grew 3.3% in July from the same month last year, bouncing back from a 1.3% decrease in June and easing worries of a slowdown in global trade from tariffs.
All major US stock indexes rose more than 1.4% on Thursday as China set the yuan's fixing price at a stronger level than analysts and investors expected, which allayed worries around a further trade-war escalation. China also said its exports grew 3.3% in July from the same month last year, bouncing back from a 1.3% decrease in June and easing worries of a slowdown in global trade from tariffs.
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Stocks rally, pushing S&P 500 into positive territory for the wild weekAll 3 major U.S. indices rallied today, recovering most of the losses from earlier in the week, as global bond yields rebounded and investors digested reassuring trade data from China. The Dow climbed 1.44% as the S&P surged 1.89%. saved for now, but wont will crash even harder “Reassuring trade data?” How is that possible 🤔? So are we out of the turmoil phase?
Source: CNBC - 🏆 12. / 72 Read more »
Asia stocks take comfort in China trade data, yuan fixAsian shares were trying to rally on Thursday as Beijing reported better trade n... *One* fix or Yuan? Stocks can take comfort? Do they also purr? I wouldn't know, since like most folks I invest my money in food, gas, and housing.
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Asia Pacific stocks set to trade mixed as investors await Chinese yuan fixStocks in Asia Pacific were set to trade mixed on Wednesday as investors awaited the setting of the daily fixing of the Chinese yuan by the People's Bank of China (PBOC). The silliest thing I think I've heard today. Someone is sitting around to find out the Yuan fix tonight? Really? And tonight's fix does what? What about tomorrow nights? Or how about a month from now?
Source: CNBC - 🏆 12. / 72 Read more »