It's another one of those days, sigh.... Yesterday's news of the feds searching the president's attorney's office sent stocks tumbling at the end of the day, setting the stage for further declines today. But then came China to the rescue, announcing that it wants to open itself up to US imports more, and it was "trade war off." Stocks soared overseas and more so in the US, yesterday's bad news no longer relevant.
The Asia Dow rose 0.78%, led by Chinese shares The STOXX 600 gained 0.83%. Every major market across all continents is in the green (up) as of mid-day today. That helped crude oil, which was nervous about an economic growth-killing trade war, crude up nearly 3% at mid-day.
Fixed income markets didn't do much, apart from a little money coming out of bonds to go into this latest mini-rally. 10-year US notes lost a few ticks, with the ... Log in or subscribe to continue reading.