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.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Asian stocks rise on hopes for U.S.-China trade, European monetary stimulusThe year long U.S. trade war with China is doing no one any favours as it starts to tip the globe into recession
Источник: globeandmail - 🏆 5. / 92 Прочитайте больше »

Alibaba’s Jack Ma steps down as e-commerce industry faces uncertainty amid U.S.-China trade warMa will stay on as a member of the Alibaba Partnership, a 36-member group with the right to nominate a majority of the company’s board of directors. globebusiness Haha this is definitely after Elon Musk just showed how stupid this guy was in that debate on stage!! 'Humans are smarter than computers and AI, always will be'...
Источник: globeandmail - 🏆 5. / 92 Прочитайте больше »