Monday 23 September 2019
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business-standard - 12 days ago

China tariff move cheers Wall Street

Wall Street stocks edged higher Wednesday after China removed some US goods from its tariff list while in Europe stocks ended higher despite investors giving a lukewarm response to a takeover bid for the London Stock Exchange by its Hong Kong rival. News that US President Donald Trump had fired his hawkish national security adviser John Bolton also lifted sentiment, with analysts saying it could see the White House take a less strident approach and ease geopolitical tensions. Equities in Europe are higher... as traders look ahead to tomorrow s European Central Bank (ECB) update, and Beijing s decision to soften its stance on the US has helped sentiment too, noted David Madden, market analyst at CMC Markets UK. China on Wednesday said it would spare a number of US products from punitive tariffs in what is seen as an olive branch by Beijing in the protracted trade war ahead of high-level talks next month. That could be enough to help shore up chances of global growth given that four

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