LONDON: European stock markets rose for the most part on Monday amid renewed hopes for a trade deal between China and the United States after reports said the two sides were close to a breakthrough.Ahead of a busy week of data releases and expected market-moving events including the latest Brexit developments, indices got off to a positive start as investors cheered reports saying the tariff stand-off between the world's top two economies might soon be resolved.
The Wall Street Journal said negotiations in February had narrowed key differences and an agreement could be ready for signing at a summit between US President Donald Trump and his Chinese counterpart Xi Jinping later this month.The newspaper, as well as Bloomberg News, also said Beijing had tentatively agreed to lower tariffs or ease certain restrictions, work quicker to open up its auto market and increase its purchases of US goods.
"This could provide a much-needed lift to business sentiment and improve growth momentum entering the summer," he said.But there were also warnings that investors could be left disappointed. Focus turns on Tuesday to the start of China's annual National People's Congress where it is to unveil its 2019 growth forecast, while dealers will be looking for any measures to stimulate the slowing economy.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US: Wall St opens higher on US-China trade deal hopes[NEW YORK] US stocks rose at the open on Monday on rising hopes that the United States and China would end their trade dispute as early as this month. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Stock futures up on growing hopes of US-China trade dealU.S. stock futures edged higher on Monday on growing hopes that the United States and China would reach a trade deal as early as this month.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall Street set to open higher as hopes of US-China trade deal riseU.S. stock futures edged higher on Monday on growing hopes that the United States and China would reach a trade deal as early as this month.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
World shares edge higher on US-China trade deal hopesGlobal shares rose on Monday amid growing optimism the United States and China will reach a trade agreement as soon as this month.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US-China trade hopes send Singapore shares 1% higher on MondayIT will be a busy week of economic data releases, but on Monday, markets fed off the growing optimism of a breakthrough in a trade deal between the US and China. This sent markets in Asia mostly higher. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Aussie, yuan gain on US-China trade hopesThe Australian dollar and the Chinese yuan rose early Monday on hopes Washington and Beijing were close to a trade deal after a bitter year-long ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall Street futures jump on US-China trade deal hopes, Asian shares seen higherU.S. stock futures jumped on Monday on reports the United States and China were close to striking a trade deal after a year-long tariff skirmish ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Much to be done on China trade: US trade representativeWASHINGTON: Washington's chief trade negotiator on Wednesday (Feb 27) said there remained much to do before reaching a new trade agreement with ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China says hopes US-North Korea dialogue can continueBEIJING (REUTERS) - China's Foreign Ministry said on Thursday (Feb 28) that it hopes dialogue and communication between the United States and North Korea can continue.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
China says hopes US, North Korea exercise patience, keep talkingBEIJING (REUTERS) - China hopes that the United States and North Korea can exercise patience, meet each other halfway and continue to talk, China's top diplomat Yang Jiechi told US Secretary of State Mike Pompeo on Friday (March 1) in a phone call, China's Foreign Ministry said.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »