Stocks trade higher Monday, approaching record levels, amid increasing optimism around US-China trade relations.
Stocks traded higher on Monday, approaching record levels, amid increasing optimism around U.S.-China trade relations.
Bank shares contributed to Monday’s gains, with JPMorgan Chase climbing 2.1 percent, Citigroup advancing 3.1 percent, and Bank of America gaining 2.6 percent. The gains in bank stocks come as the Treasury yield traded higher. China offered last week to increase purchases of U.S. agricultural products if the U.S. eased restrictions on telecom giant Huawei, Politico reported on Friday. China’s offer could also be contingent on the U.S. delaying higher tariffs on about $250 billion worth of Chinese imports, the report said.
Both countries have been engaged in a trade war since 2018. In that time, China and the U.S. have exchanged tariffs on billions of dollars worth of goods. The conflict has dampened expectations of global economic growth.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. Treasury chief sees positive year for economy as China talks loomU.S. Treasury Secretary Steven Mnuchin on Monday said he did not see the threat ...
Read more »
China will not tolerate attempts to separate Hong Kong from China: state mediaHong Kong is an inseparable part of China and any form of secessionism 'wil...
Read more »
China has piled up nearly 100 tons of gold reserves to help buffer against the blows of Trump's trade warAs the trade war bites, China is adding to its gold reserves — the ultimate safe-haven asset
Read more »
Fit for porpoise: China races to save last Yangtze river mammalOn a short stretch of the Yangtze river, three sleek grey porpoises twist in mud...
Read more »
China August exports unexpectedly shrink, imports remain weakChina's exports unexpectedly fell 1% in August from a year earlier, customs...
Read more »
China August copper imports, aluminum exports fall as slowdown bitesChina's unwrought copper imports fell in August after a bounce in the previ...
Read more »