A gauge of global stock markets rallied along with U. S. Treasury yields on Wednesday as optimism abounded for a trade thaw between the United States and China while sterling bounced on indications UK Prime Minister Theresa May would survive a no-confidence vote.
NEW YORK (Reuters) – A gauge of global stock markets rallied along with U. S. Treasury yields on Wednesday as optimism abounded for a trade thaw between the United States and China while sterling bounced on indications UK Prime Minister Theresa May would survive a no-confidence vote.
U. S. Treasury yields advanced in tandem with Wall Street’s gains after U. S. President Donald Trump said trade talks with China were progressing with discussions under way by telephone and more meetings likely among officials of both countries.
In an interview with Reuters on Tuesday, Trump also said he would intervene in the Justice Department’s case against a top executive at China’s Huawei Technologies Co Ltd if it served national security interests or helped to close a trade deal.
