Global stocks strain for record high on tantalising trade hopes

LONDON - World shares made another push for an elusive record high on Wednesday after U.S. President Donald Trump said Washington and Beijing were in the final throes of inking an initial trade deal.

London, Frankfurt and Paris were all inching higher, [.EU] Shanghai struggled after industrial company profits shrank while Australian shares had hit record highs and Japanese stocks drew support from the growing chance of extra fiscal stimulus. But he said the two countries were unlikely to go beyond that and China’s industrial profits data overnight underscored the economic strain.

The reaction to the poll narrowing has been modest as the prospect of another hung parliament raises the prospect of some form of coalition government made up of parties supporting a second Brexit referendum. Some analysts said a renewed fall in U.S. and European bond yields on Tuesday also pointed to more mechanical explanations beyond trade for rising equity prices.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Swedish Executive Brings Global Experience, Outsider’s Perspective to GE Finance RoleMs. Dybeck Happe, the current CFO of Danish shipping giant A.P. Moller Maersk A/S, has managed large, global finance teams in a conglomerate structure. She has been a cost manager who has helped guide corporate transformation and has developed a reputation as a nimble communicator with investors. Are those supposed to be impressive credentials? Aren’t women too emotional to run a company as big as GE? I bet I can run it better than her Yeah, but can she beat by a penny 😎
Source: WSJ - 🏆 98. / 63 Read more »

Global Stocks Gain as China Moves to Boost Intellectual Property RightsGlobal stocks rise after China said it would step up intellectual property protection and enforcement, a move that investors hope may address one of the key concerns for U.S. negotiators on the trade deal But are they?
Source: WSJ - 🏆 98. / 63 Read more »