Progress in the U. S.-China trade talks helped send world stock markets broadly higher on Friday and pulled investors out of the safety of government bonds.
NEW YORK (Reuters) – Progress in the U. S.-China trade talks helped send world stock markets broadly higher on Friday and pulled investors out of the safety of government bonds.
Europe’s broad Stoxx 600 index rallied 1.3 percent. In early trading on Wall Street, the Dow Jones Industrial Average rose 303.2 points, or 1.19 percent, to 25,742.59, the S&P 500 gained 22.14 points, or 0.81 percent, to 2,767.87 and the Nasdaq Composite added 31.40 points, or 0.42 percent, to 7,458.35 in morning trading.
China and the United States reached a consensus in principle on some key issues during the talks, China’s state news agency Xinhua said on Friday. Negotiations will continue next week in Washington as investors hope for an end to the trade war between the world’s two largest economies.
