Wall Street was set to rise for the first time in three sessions on Wednesday after latest media reports eased concerns over escalating trade tensions between the United States and China, ahead of high-level trade talks starting Thursday.
Stocks gained on Wednesday as investors clung to hopes that the United States and China could yet agree some sort of trade deal, while the prospect of a last-minute Brexit agreement between the European Union and Britain seemed as remote as ever.
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As unnerving as the trade-war has been for investors lately, some volatile sessions are at least keeping investors on their toes as investors head toward earnings season.
The biggest winner among Germany’s largest 30 companies at the start of trading was sportswear manufacturer Adidas, increasing 0.41 percent, followed by agrochemical giant Bayer with 0.27 percent and financial service provider Wirecard with 0.11 percent.
U.S. stock index futures jumped on Wednesday after latest media reports eased concerns over escalating tensions between the United States and China ahead of high-level trade talks starting Thursday.
- Futures climb as U.S.-China tensions ease (Reuters: Oct 9, 2019 at 10:07 AM)
Euro zone government bond yields rose on Wednesday, reversing some of the previous day’s falls as media reports eased worries about escalating U.S.-China trade tensions.
Earnings season for banks begins Oct. 15, when J.P. Morgan Chase, Citigroup and Wells Fargo are scheduled to announce their third-quarter results.
Tokyo stocks closed lower Wednesday as concerns over the future course of the global economy increased ahead of upcoming trade talks between the United States and China.
- Tokyo stocks close lower (Xinhua News Agency: Oct 9, 2019 at 7:28 AM)
Share price of Talwalkars Healthclubs touched its 52-week low of Rs 4.48, falling nearly 5 percent intraday on October 9 after the company defaulted on payment of interest and principal amount.
Gold held steady on Wednesday on uncertainty over U.S.-China trade talks and Britain’s exit from the European Union, ahead of minutes from the U.S. Federal Reserve’s September meeting.