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Stocks Extend Gains, Defying Rising Rates, as China Export Engine Supports Bulls
Global stocks extend gains, taking European and Asia markets to the highest levels in a month, as risk appetite returns following a largely expected result from U.S. midterm elections. China's U.S. trade surplus narrows to $31.78 billion in October, but still sits 22% higher on a year-to-date basis as export strength in the face of White House tariffs continues to surprise economists. U.S 10-year Treasury bond yields test multi-year highs, but stocks appear more resilient to Fed rate path as the VIX slides 3.6 points to a one-month low of 16.36 points.
https://finance.yahoo.com/m/36dbed8...b/stocks-extend-gains,-defying.html?.tsrc=rss
Global stocks extend gains, taking European and Asia markets to the highest levels in a month, as risk appetite returns following a largely expected result from U.S. midterm elections. China's U.S. trade surplus narrows to $31.78 billion in October, but still sits 22% higher on a year-to-date basis as export strength in the face of White House tariffs continues to surprise economists. U.S 10-year Treasury bond yields test multi-year highs, but stocks appear more resilient to Fed rate path as the VIX slides 3.6 points to a one-month low of 16.36 points.
https://finance.yahoo.com/m/36dbed8...b/stocks-extend-gains,-defying.html?.tsrc=rss
