Wall Street, Stocks
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Oil tumbled over 3% as a potential U.S.-Iran nuclear deal raised the prospect of increased global crude supply on Thursday, while stocks markets took a well-earned breather following their weeks-long recovery from April's trade war meltdown.
Stocks, the dollar, and asset markets surged Monday after China and the US agreed to cut tariffs and de-escalate their trade war. On Monday, risk-on sentiment returned to asset markets after ...
A deal with China is a relief to investors who worried tariffs as high as 145% would severely limit trade, raise prices and hurt the U.S. economy.
US stocks rallied sharply on Monday after the US and China announced a temporary rollback of reciprocal tariffs, providing much-needed relief to investors concerned about the escalating trade war's economic fallout.
U.K. trade agreement could provide a blueprint for other "close" nations to follow. "I don’t think we are out of the woods," said Ameriprise Chief Market Strategist Anthony Saglimbene, in a phone interview.
Asia-Pacific markets are set to mostly rise Monday over optimism that U.S.-China trade tensions could de-escalate following the superpowers' talks in Switzerland over the weekend.
Stocks are wavering on Wall Street and holding on to gains they made earlier in the week after the U.S. and China declared a temporary cease-fire in their trade war