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The Closing Bell: Asia & Europe: Global Stocks Edge Higher as U.S.-China Trade Talks Progress
FYI: Global stocks edged higher Monday as renewed hopes for a trade deal between the U.S. and China helped boost sentiment.
In Europe, the Stoxx Europe 600 index rose 0.2%. That followed a rally across Asia, with China’s Shanghai Composite Index rising 2.7% and Hong Kong’s Hang Seng adding 1.6%.
U.S. markets were closed for the Presidents Day holiday. Dow Jones Industrial Average futures were up 0.1%. The Dow last week notched its eighth consecutive weekly gain, the longest winning streak since November 2017. Regards, Ted
Not sure if the US-China trade talk would be beneficial for both side. A number sticky points are deeply rooted that is not easily resolved in this short time frame. Then what next?
Trade talks will likely be resolved with little to nothing accomplished accept that it will be used as a "great' campaign tool in the next election. What can't happen for the Trump 2020 campaign is for the economy to slip into recession because of a trade war. Be assured, the Chinese know this too. Problem is holding out would be a disaster for the Chinese economy also. Nobody can win, only lose, but that doesn't mean it can't be spun into a winning tweet.
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