US stocks gain on easing China trade war

NEW YORK: Wall Street stocks broke out of a two-day slumber and won solid gains on Wednesday afterThe conciliatory move, coupled with another rise in US Treasury bond yields, helped lift stocks after two lackluster sessions."Equities have the best of both worlds," said Karl Haeling of LBBW, citing expectations of central bank easing even as the economy is"okayish."The broad-based S&P 500 advanced 21.54 points to close at 3,000.

Top negotiators expect to reconvene in Washington early next month after an acrimonious summer in which trade relations deteriorated sharply and both governments announced waves of new tariffs in a stand-off that is dragging on the global economy.

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Studies show US companies not leaving China in droves, but China companies investing less in USWASHINGTON - Chinese companies are investing less in the United States but American firms are continuing to plough money into China, according to two research papers released on Monday (Sept 9) that show how companies in the two superpowers are responding differently to the trade war.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »