World stocks rise on US-China trade rapprochement
US and China are set to have face-to-face trade talks in September, as China’s yuan is on track for worst month since 1994
30 August 2019 - 12:16
London — World stocks rose to a one-week high on cautious hopes for a rapprochement on trade between Beijing and Washington on Friday, though a perky dollar capped gains with China’s yuan softening again, on track for its weakest month in two-and-a-half decades.
For most of August, global stocks have reeled and fixed income shone as deepening concerns over global trade and clear signs of a slowdown, possibly even a recession, in the global economy loomed large over financial markets...
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