Global shares benefit from optimism around US-China trade talks
Trump says China and the US are close to a trade deal, as world stocks are on track for a second week of gains ahead of the latest US jobs data
London — Cautious optimism over China-US trade talks underpinned global stocks on Friday, benchmark bond yields ground higher and the dollar reached a three-week high against the yen ahead of US job data. On Thursday, US President Donald Trump said a trade deal with China might be announced within four weeks, although he warned that it would be difficult to allow trade to continue without an agreement. Chinese President Xi Jinping reportedly said progress was being made and called for an early conclusion of talks. The pan-European STOXX 600 index nudged higher, heading for its best performance in three weeks, with markets in Paris and London adding 0.1%. German stocks were treading water, though the index was on track for its best week since December 2016. MSCI’s All-Country World Index, which tracks shares in 47 countries, edged up and was on track for a second straight week of gains. Better-than-expected data out of Germany and receding fears of a disorderly departure from the EU ...
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