China is thinking of coperating with the US and Trump may abolish the trade tariffs, what else do you need?
Stocks
- The S&P 500 Index jumped 0.5 percent on trade hopes as of 15:46 London time.
- The Stoxx Europe 600 Index saw a massive rally and soared 1.5 percent.
- The MSCI Emerging Market Index wasn’t going to stay back and gained 0.7 percent to the highest
- in more than six weeks.
Currencies
- The Dollar Spot Index moved higher by 0.1 percent to the highest in more than a week.
- The euro remain unchanged at $1.1393.
- The Japanese yen fell out of luck and dropped 0.2 percent to 109.51 per dollar.
- The MSCI Emerging Markets Currency Index gained 0.1 percent.
Bonds
- The yield on 10-year Treasuries started its recover and gained one basis point to 2.76 percent on its fifth straight advance.
- Germany’s 10-year yield jumped one basis point to 0.26 percent.
Commodities
- West Texas Intermediate crude reacted positively to trade talk and bounced 1.2 percent higher to $52.67 a barrel, the highest in five weeks.
- LME copper also had a positive day with a gain 0.7 percent to $6,031.00 per metric ton.
