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The Breakfast Breifing: Global Stocks And The Yuan Jump On Hopes For A U.S.-China Trade Truce
FYI: Global stocks jumped Friday, on hopes that trade tensions between the U.S. and China are de-escalating, following a phone call between President Trump and his counterpart, Xi Jinping.
Stocks across Europe advanced in opening trade, following larger rises in Asia, with the Stoxx Europe 600 up 1%. Meanwhile, Japan’s Nikkei Stock Average rose 2.6%, China’s Shenzhen A Share Index gained 3.4% and Hong Kong’s Hang Seng rallied 4.2%.
In the U.S., futures pointed to a 0.8% opening gain for the S&P 500 and a 0.9% uptick for the Dow Jones Industrial Average. Regards, Ted
