Global stocks boosted by good news on trade talks
The market reacted positively to Trump’s decision to delay hiking tariffs on Chinese imports, with Germany’s trade-sensitive DAX rising 0.5%
London — Equity markets across Europe and Asia rose on Monday after US President Donald Trump said he would hold off on hiking tariffs on Chinese imports, buoying hopes of a resolution to a trade war between the world’s two biggest economies. European stocks climbed 0.4% to their highest since October, led by a 0.5% bump in Germany’s trade-sensitive DAX, where China-exposed sectors from industrials to cars made ground. Trump said on Sunday he would delay an increase in US tariffs on Chinese goods planned for March 1 thanks to “productive” trade talks, adding that he and Chinese President Xi Jinping would meet to seal a deal if progress continued. The US president cited progress in divisive areas including intellectual property protection, technology transfers, agriculture, services and currency. Trump’s tweeted remarks are the clearest sign yet that the US and China are moving towards a deal to end a trade war that has dragged on for months, dragging on global growth and disrupting ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.