Global stocks are higher than the US and China trade progress
Global stocks rose on Monday, as investors looked at the next steps in US-China trade talks.
After the Asian campaign, where Hang Seng grew by 1.6%, Stoxx Europe 600 added 0.1%.
Our markets were closed on the occasion of the Presidents' Day. The Dow Jones Industrial Average has grown by 0.1%. Last week, Dow gained an eighth successive weekly gain, the longest victory since November 2017. a picture of global growth.
Officials from both countries are continuing talks this week in Washington after discussing in Beijing. President Trump sent a message on Sunday that "great progress has been made on many different fronts." "title =" Aids set up platforms before a group photo with members of US and Chinese trade … "/>
Assistants set up a platform for group photography with members of US and China trade delegations at the State Dormition House in Beijing, China on February 1
Mark schiefelbein / Press Pool
"The market was concerned about the tariffs of China, but Trump wants to make an agreement, and many fears are usually exaggerated," said Patrick Spencer, vice chairman of Baird shares. Other analysts were more cautious, given that there is a significant gap between what China wants to offer and what the Trump administration will accept. Sharp disagreements remain on issues such as Beijing being able to consider US complaints that China is putting pressure on American companies to exchange technology. The strategic agent of Morgan Stanley wrote in a note to clients.
Investors also expected a tense weekly message from the central bank. The positive signals from the Fed and the ECB in recent weeks have helped the stocks to depart from the downturn at the end of last year.
"More terminology for patients with the Fed has been quite favorable for markets so far," said Spencer.
The Federal Reserve will publish the minutes of its political meeting on Wednesday, January 29-30, and the ECB will publish its protocol for the January session on Thursday.
"The issues will be considered in order to get acquainted with the depth of the shifts in their respective prospects," analysts say.
wrote in a note to clients.
In the currencies, the WSJ Dollar index, which tracks the dollar against the basket of 16 currencies, declined by 0.1%.
In the United Kingdom, the pound strengthened when a group of British lawmakers left Britain's main opposition party, indicating Brexit's frustration with the British political system. The group strongly supports UK membership in the EU, although their steps are considered unlikely to change the prospect of Brexit.
Sterling increased by 0.3% relative to the dollar.
In Japan, Japan's Nikkei increased by 1.8%, while the Kospi index in South Korea increased by 0.7%
Brent crude oil, the global benchmark, was basically equal, while gold prices rose by 0.5%. Write on Georgiy Kanchev at firstname.lastname@example.org