Premarket: Global stocks rise on U.S., China trade optimism GlobeInvestor
Global stocks rose on Friday on optimism over trade talks between the United States and China and were set to post their best quarterly performance since 2012, while global bond yields moved higher after a prolonged slide on growth worries.
“Our base case is for the current tariff truce extension to yield only a partial resolution, including select U.S. tariff rollbacks in exchange for some Chinese concessions on imports, market access and intellectual property,” strategists at UBS wrote in a note to clients. MSCI’s All-Country World Index, which tracks shares in 47 countries, was up 0.17 per cent on the day. It was set to post its best quarterly performance since March 2012.
The 10-year U.S. bond yield edged up to 2.406 per cent from a 15-month low of 2.352 per cent touched on Thursday after an almost relentless fall since the Federal Reserve’s dovish tone last week sparked worries about the U.S. economic outlook. The single currency has also been weighed down by speculation the ECB will introduce a tiered deposit rate, providing a sign that policymakers plant to keep interest rates low for longer.The Turkish lira dropped 1.7 per cent, a day after it had plunged 4 per cent. President Tayyip Erdogan blamed the currency’s weakness on attacks by the West ahead of nationwide local elections on Sunday.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Premarket: Global stocks mixed on worries curve inversion augurs recessionPremarket: Global stocks mixed on worries curve inversion augurs recession GlobeInvestor
Read more »
Consular officials in China visit with detained Canadian Michael Kovrig, Global Affairs saysIt is the fifth time Kovrig has received a consular visit since he was detained by Chinese authorities in early December, but the first since he and fellow detainee Michael Spavor were charged with stealing state secrets
Read more »
Global investors ‘wreaking havoc’ on low-income renters, U.N. saysLandlords have become faceless corporations wreaking havoc with tenants’ right to security and contributing to the global housing crisis, U.N. Special Rapporteur Leilani Farha says
Read more »
Weak factory activity in U.S., Europe and Japan dent hopes for a global economic recoveryIn New York, the spread between the three-month U.S. Treasury bill yield and the 10-year note yield narrowed to a 12-year low – a sign of concern among investors about the growth outlook
Read more »
Global Affairs says 15 Canadians were on the cruise ship that was stranded off NorwayIn an e-mail statement, department spokesman Stefano Maron says one of the 15 was injured, and consular officials are in contact with those involved
Read more »
Global News’ Dawna Friesen wins Best News Anchor at Canadian Screen AwardsDawna Friesen took home the award for her work on Global National at the Canadian Screen Awards on Tuesday night in Toronto.
Read more »
Canada is the exception to populism’s global riseHowever, in the cases of Canada, France and Germany, the share of the vote going to populist political parties has generally increased since 1998
Read more »
Bond yields spiral lower amid global growth gloomMSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.2 per cent in early trade, with South Korea off 0.7 per cent
Read more »