Stocks boosted by U.S.-China trade hope, oil prices soar

Traders work on the floor of the New York Stock Exchange

NEW YORK (Reuters)Stocks around the world extended recent gains and oil prices jumped on Wednesday on optimism the United States and China may be inching towards a trade deal, soothing fears of an all-out trade war and its possible impact on global growth.

Heightened risk appetite boosted U.S. Treasury yields to the highest this year, while the U.S. dollar extended losses after minutes from a Dec. 18-19 Federal Reserve policy meeting showed many Fed policymakers said the central bank could be patient on future rate hikes.

Delegations from China and the U.S. ended talks in Beijing on Wednesday amid signs of progress on issues including purchases of U.S. farm and energy commodities and increased access to China’s markets.

China has pledged to purchase “a substantial amount” of agricultural, energy and manufactured goods and services from the United States, the U.S. Trade Representative’s office said on Wednesday.

MSCI’s all-country index .MIWD00000PUS climbed 1.03 percent for a fourth day of gains.

Image source: Reuters.com

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  1. RobertInalf

    Actual news about forex brokers. Great.

  2. John

    good stock info about oil prices

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