LONDON - Global stocks rose on Friday after a report that U.S.-China trade talks were making progress and a vote by UK lawmakers to delay the British exit from the European Union.
Chinese Vice Premier Liu He spoke by telephone with U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lightizer, and the two sides made substantive progress on trade, the news agency Xinhua reported.MSCI’s All-Country World Index, which tracks shares in 47 countries, was up 1 percent on the day and was set for its best week since early January.South Korea’s KOSPI rose nearly 1 percent. The index had risen as much as 1.
“China and Europe had been two of the key areas of concern at the start of 2019 and even though there is still much uncertainty, targeted fiscal stimulus in China and potentially some clarity emerging on Brexit over coming weeks could improve sentiment,” strategists at ING Bank wrote in a note to clients.
Elsewhere in currencies, the dollar index slipped 0.2 percent to 96.619 after rising 0.25 percent on Thursday to recover from a nine-day trough of 96.385.
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