Global markets: Shares edge higher on US-China trade deal hopes
5 years, 10 months ago

Global markets: Shares edge higher on US-China trade deal hopes

Live Mint  

London: Global markets rose on Monday amid growing optimism the US and China will reach a trade deal as soon as this month. US President Donald Trump and Chinese President Xi Jinping might seal a formal trade deal around 27 March, given progress in talks between the two countries, the Wall Street Journal reported on Sunday. Britain's parliament will vote on an agreement to leave the European Union, the US Federal Reserve will hold a policy meeting that could yield clues on its plans for interest rates and balance sheet reduction, and the European Central Bank will hold its scheduled policy meeting this week. Greece's benchmark 10-year government bond yields dropped to their lowest since 2006 on Monday after Moody's raised its rating late last week, bolstering investor optimism towards the euro zone's most indebted country.

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