LONDON - Global stocks rose on Friday on optimism over trade talks between the United States and China and were set to post their best quarterly performance since 2012, while global bond yields moved higher after a prolonged slide on growth worries.
The rises came on the back of strong gains in Asia, where Chinese shares climbed more than 3.1 percent after U.S. officials said China has made proposals in trade talks with the United States on a range of issues that go further than it has before, including on forced technology transfer. S&P 500 E-mini futures were up by 0.16 percent. Gains on Wall Street overnight also bolstered investor optimism. [.N]
German and French government bond yields were poised on for their biggest monthly falls since June 2016, ending a month where heightened anxiety about global growth prospects have sparked a flood into fixed income globally. The 10-year U.S. bond yield edged up to 2.406 percent from a 15-month low of 2.352 percent touched on Thursday after an almost relentless fall since the Federal Reserve’s dovish tone last week sparked worries about the U.S. economic outlook.
In currencies, the euro was higher by 0.1 percent at $1.1226 though it was headed for its worst month since October, weighed down by fears about economic growth and cautious signals from the European Central Bank. [FRX/]
There could be more to come - momentum as equity buyers return....UK and possibly Europe equities could do surprisingly well... Also US election time usually good for equities..
There could be more to come - momentum as equity buyers return....UK and Europe equities could do surprisingly well... Also US election time usually good for equities..
There could be more to come - momentum as equity buyers return....Also US election time usually good for equities..
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