Stocks climb on hopes for progress in trade; Canadian dollar gains
Monday, 21 October 2019 NEW YORK — World stock indexes rose on Monday as signs of work to resolve the U.S.-China trade war bolstered investor hopes, while the Canadian dollar strengthened in the hours before results of the election for prime minister. U.S. President Donald Trump praised efforts to end the U.S.-China dispute, while White House adviser Larry Kudlow said tariffs scheduled for December could be withdrawn if talks go well. In Britain, the parliament’s speaker...
Wall Street finished higher on renewed hopes the U.S. and China are making progress on ending their trade war but Boeing shares slumped after a number of analyst downgrades. Conway G. Gittens has the Wall Street wrap.
Recap: Hopes of a trade deal between Washington and Beijing sent world stock markets and other risk assets higher on Friday, though an escalating wave of global... Bangkok Post Also reported by •Reuters India •SeattlePI.com •Seattle Times •Reuters