Global stocks rally on good economic data and US-China deal
European PMI data was better than expected and investors were buoyed by the US-China deal staying alive
23 June 2020 - 11:50
London — World stocks and risk currencies rallied on Tuesday on encouraging global economic data and assurances from US President Donald Trump that the US-China trade deal remains “fully intact” after confusion over its fate had emerged.
Jitters had struck Asian markets after White House adviser Peter Navarro said the trade deal with China was “over”, linking the breakdown in part to anger over Beijing not sounding the alarm earlier about the coronavirus outbreak...
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