Reported 1 day ago
Global markets experienced a surge on Monday following successful U.S.-China tariff talks, renewing optimism among investors and leading to significant gains in stocks, the dollar, and bond yields. This unexpected cooperation between the two economic powerhouses alleviated fears of a prolonged trade crisis, prompting economists to raise growth forecasts for China and the U.S. Visibly, Wall Street indexes surpassed key moving averages, showcasing overall positive sentiment amidst de-escalating geopolitical tensions.
Source: YAHOO