Global stocks rise on US-China trade hopes; oil up again
Updated : February 21, 2019 06:30 AM IST
Stocks started with a rally in Asia that pushed the MSCI world equity index to its highest since October after US President Donald Trump said negotiations with China were going well and suggested he was open to extending the deadline to complete them beyond March 1.
Many had feared US tariffs on $200 billion worth of Chinese imports would rise to 25 percent from 10 percent if no trade deal was reached by then.
While hopes for a trade deal between the world's two largest economies are seen as the primary driver for world stocks, dovish central bank messages from the United States to Asia and the ECB are also playing a part.
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