Wall Street has moved higher, led by tariff-sensitive technology and industrial stocks, after China extended an olive branch ahead of next month's trade negotiations with the United States.Wall Street has made a bright start to the week.the day after it unveiled its latest iPhone upgrade and announced the launch date of its Apple TV+ streaming serviceIts shares rose 3.2 per cent, once more lifting the company's value above the $US1 trillion mark.
However, a senior White House adviser urged investors to be patient in an effort to curb expectations for the trade talks scheduled to take place next month in Washington. "The general market still believes that a real deal is possible and all of these moves by the White House and China are simply negotiating tactics," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. " that belief swings on a daily basis based on tweets and statements from China.
"Right now we're swinging a bit toward the chance of a deal being made in a reasonable time frame," Ghriskey added. In a series of morning tweets, President Donald Trump called on the US Federal Reserve to slash interest rates into negative territory, a move typically seen as a last-ditch effort to revive sluggish economies.
Trade talk optimism. Wall Street are as gullible as the general Trump supporter.
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