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GLOBAL MARKETS-Bullet dodged? Markets bet global recession averted
World shares climbed back towards record highs on Tuesday, as hopes that Washington may roll back some of the tariffs it has imposed on Chinese imports rekindled optimism on the global economic outlook. Europe's main markets saw a comparatively subdued start, after reaching a 21-month high on Monday, but Asia raced to its highest in six-months, China's yuan climbed above 7 per dollar and global bond yields were rising again. Hopes of a trade truce between the United States and China this month fuelled the optimism, with some more details being filled in on what’s expected to be a "phase one" agreement.
https://finance.yahoo.com/news/global-markets-bullet-dodged-markets-095133791.html?.tsrc=rss
World shares climbed back towards record highs on Tuesday, as hopes that Washington may roll back some of the tariffs it has imposed on Chinese imports rekindled optimism on the global economic outlook. Europe's main markets saw a comparatively subdued start, after reaching a 21-month high on Monday, but Asia raced to its highest in six-months, China's yuan climbed above 7 per dollar and global bond yields were rising again. Hopes of a trade truce between the United States and China this month fuelled the optimism, with some more details being filled in on what’s expected to be a "phase one" agreement.
https://finance.yahoo.com/news/global-markets-bullet-dodged-markets-095133791.html?.tsrc=rss
