Stocks jump on signs U.S., China close to trade deal
  • ECONOMY

  • 07:23 04 March 2019

Stocks jump on signs U.S., China close to trade deal

The Wall Street Journal reported Washington could lift most or all of its tariffs on Beijing while a summit between U.S. President Donald Trump and his Chinese counterpart Xi Jinping to sign a final trade deal could happen later this month, ONA reports quoting Reuters.

That followed comments from Trump on Friday that he had asked China to immediately remove all tariffs on U.S. agricultural products because trade talks were progressing well. He also delayed previously scheduled plans to impose 25 percent tariffs on Chinese goods.

All of that proved positive for risk sentiment with E-mini futures for the S&P500 and the Dow adding 0.4 percent each.

Faig Mahmudov

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