Stocks Rise Across US, Canada, Asia on Trade Deal Hopes
Stocks Rise Across US, Canada, Asia on Trade Deal Hopes

Stocks Rise Across US, Canada, Asia on Trade Deal Hopes

News summary

Stocks surged on optimism surrounding potential trade deals, with the Dow and Nasdaq gaining significantly amid hopes of easing U.S.-China trade tensions. President Trump hinted at a "major trade deal" with a respected country, widely speculated to be Britain, boosting market sentiment across Asia and Wall Street. Negotiations are set for the weekend in Switzerland between U.S. and Chinese officials, signaling possible progress in the trade war that has unsettled global markets. Canadian stocks also rose as hopes for de-escalation strengthened, with positive corporate earnings, including Barrick Mining, supporting gains despite some sector declines. The market rally was accompanied by a drop in the volatility index, reflecting reduced investor fear. Investors remain cautiously optimistic while awaiting the Federal Reserve's upcoming interest rate decision and closely monitoring trade developments.

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Last Updated
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26Serious

Neutral

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Positive

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