US-China trade talks boost global stocks
Global stocks rose Tuesday as investors cheered trade talks among senior U.S. and Chinese officials following weeks of escalating tensions between the world’s two largest economies.
Futures tied to the S&P 500 rose 0.5%, suggesting the benchmark index will advance to a fresh record after the opening bell in New York. The S&P 500 climbed for a third consecutive trading day Monday, boosted by investors’ optimism about a potential treatment for coronavirus.
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Sentiment was further lifted after senior U.S. and Chinese officials said they were committed to carrying out the phase-one trade accord signed in January. A videoconference late Monday brought together U.S. Trade Rep. Robert…
