Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> > >

Stocks gain on trade deal hopes, set for worst week since December

Video Credit: Reuters Studio - Duration: 01:44s - Published < > Embed
Stocks gain on trade deal hopes, set for worst week since December

Stocks gain on trade deal hopes, set for worst week since December

Global shares strengthened on Friday as investors hoped that United States and China would still be able to resolve their trade dispute, even as a planned U.S. tariff hike on Chinese imports took effect.

David Pollard reports.

0
shares
ShareTweetSavePostSend
 

Stocks gain on trade deal hopes, set for worst week since December

As US tariffs on China went up, so - to the surprise of many - did some global stock markets.

Chinese shares first slipped on the news - but then later recovered strongly.

Europe opened with a positive rebound - led by a one per cent gain on the Dax.

Though the regional index remains on track for its worst weekly decline this year.

(SOUNDBITE) (German) HEAD OF SPECIALIST FLOOR TRADING AT ODDO SEYDLER, OLIVER ROTH, SAYING: "As long as there is no trade deal and Donald Trump does not calm down, markets will move in all sorts of directions ....This is uniquely about the sensitivities of one man, which is both scary and a reality." Local news gave sentiment a lift.

Air France rose on better passenger numbers - BA-owner IAG jumped after reiterating its profit guidance.

And German liftmaker Thyssenkrupp made headlines with reports it may list its elevators business - its shares topped the leaders' board in early trade with a near 10 per cent gain.

But underlying the Friday flourish was fear .... That US/China trade relations may unravel further - and drag down the global economy.

Even as China expressed itself willing to meet the US half way.

(SOUNDBITE) (Mandarin) CHINESE FOREIGN MINISTRY SPOKESMAN, GENG SHUANG, SAYING: "Developing a healthy, stable relationship is in the interests of both countries, and is the general expectation of the international community." In Washington, negotiators are continuing efforts to rescue a trade deal.

If they fail, China has vowed to retaliate against the US tariff hike.

Levies have been more than doubled to 25 percent on 200 billion dollars' worth of Chinese goods.

Donald Trump says he is to now "start the paperwork" for similar tariffs on a further 325 billion dollars' worth.




You Might Like


Recent related videos from verified sources

What Investors Should Do if the US and China Reach a Trade Deal [Video]What Investors Should Do if the US and China Reach a Trade Deal

Are you ready for the weekend? President Trump and Chinese President Xi are. The two leaders are set to meet on the sidelines of the G20 summit in Japan later this week. It's expected that the two..

Credit: The Street     Duration: 01:25Published

What Will It Take to Seal a Trade Deal? [Video]What Will It Take to Seal a Trade Deal?

While you were probably sleeping, Mnuchin told CNBC that a U.S.-China trade deal was around "90%" complete. Mnuchin added, "I think there's a path to complete this" when President's Donald Trump and Xi..

Credit: The Street     Duration: 01:27Published

Wall St. Opens Higher On Trade Boost, Trade Hopes [Video]Wall St. Opens Higher On Trade Boost, Trade Hopes

U.S. stocks opened higher on Wednesday, as chipmaker Micron Technology’s upbeat results lifted technology shares. Treasury Secretary Steven Mnuchin’s comments also fueled optimism that the..

Credit: Wochit     Duration: 00:39Published

What to Watch in The Markets: G20, Caesars, and This Week's Earnings [Video]What to Watch in The Markets: G20, Caesars, and This Week's Earnings

As Wall Street returns from the weekend, Action Alerts PLUS senior analyst Jeff Marks and research analyst Zev Fima break down what you need know. Jim Cramer and Katherine Ross have the morning off...

Credit: The Street     Duration: 05:33Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.