On Monday, world stocks were raised to 21/2 months by the hope for progress in Sino-U.S.trade and expectations of policy stimulus from central banks, though European gains were held back by concern over the outlook for automakers.
After Nikkei of Japan had closed up 1.8 percent at its high for the year and the index of Asian equities increased almost 1 percent, MSCI’s All-Country World Index also rose 0.4 percent. In more than six months Shanghai blue chips surged 2.7 percent to their highest finish.
The earnings from last week will be maintained by US stocks when trading starts again on Tuesday, the next day of Monday’s holiday, suggested by Wall Street futures.
The Dow and the Nasdaq had boasted eight consecutive weeks of gains on wagers the United States and China can resolve their protracted trade dispute. According to the sources, this week negotiations will resume as Donald Trump, the President of US, saying he may expand it up to March 1 for a deal.
- United Arab Emirates
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