World stocks inched ahead to a record high on Thursday after the United States a...
TOKYO - World stocks inched ahead to a record high on Thursday after the United States and China signed an initial deal to defuse their 18-month trade war, though financial markets were wary as a number of thorny issues remained unresolved.
The Phase 1 deal however does not fully eliminate the tariffs while the $200 billion purchase targets, which include energy, farm and manufacturing products, look daunting to achieve. On the Wall Street, the S&P 500 closed at a record high of 3,289.3 points, up 0.19%, with gains fairly small after the market has rallied for months on hopes of a deal.
The 10-year U.S. Treasuries yield slipped to one-week low of 1.780% compared with a high of 1.900% last Thursday and last stood at 1.793%.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China posts strong December exports as world awaits Sino-U.S. trade deal signingChina's exports rose for the first time in five months in December and by m...
Read more »
U.S.-China Trade Détente, but a More Dangerous WorldThe first phase of the U.S.-China trade deal is signed, but WSJheard explains why the conflict is far from over WSJWhatsNow
Read more »
U.S., China sign 'Phase One' trade agreement, signaling pause in trade warThe "Phase One" trade deal between the U.S. and China signals a truce in the nearly two-year trade war between the world&39;s two largest economies.
Read more »
U.S., China sign 'Phase One' trade agreement, signaling pause in trade warThe 'Phase One' trade deal between the U.S. and China signals a truce in the nearly two-year trade war between the world's two largest economies.
Read more »
Record high stocks pause to gauge China-U.S. trade outlook, company earningsRecord high stocks pause to gauge the U.S.- China trade outlook and company earnings
Read more »