Canada’s main stock index rose at open on Wednesday, following two days of losses, as latest media reports buoyed hopes of progress at the crucial U.S.-China trade talks this week.
Wall Street was set to open higher for the first time in three sessions on Wednesday, as latest media reports raised hopes of progress in high-level trade talks between the United States and China after a turbulent start to the week.
Gold edged lower on Wednesday ahead of minutes from the U.S. Federal Reserve’s September meeting.
China’s consumer price index (CPI), a main gauge of inflation, was expected to remain stable in September, Securities Daily reported Wednesday.
The 1.5% drop in the S&P 500 and the deterioration of US-China relations and the prospects of a no-deal Brexit failed did not carry over much into today’s activity.
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)