Global Markets on the Rise Tuesday

Monday’s late rally on Wall Street has sent global markets on the rise Tuesday.  

Asian markets sustained losses at the start of the day’s trading session after remarks by White House trade adviser Peter Navarro suggested the recent trade deal between the United States and China was finished.  But the region rebounded after Navarro later said his comments were taken out of context, followed by a tweet from President Donald Trump that the deal was “fully intact.” 

The Nikkei index in Tokyo finished the day’s trading 0.5% higher, while the Hang Seng in Hong Kong is up 1.3% in late afternoon trading, and Shanghai’s Composite index is 0.1% higher.   

Elsewhere in Asia, Sydney’s S&P/ASX index is up 0.1%; the Senxex in Mumbai has gained 0.9%; Seoul’s KOSPI index is up 0.2%; and Taiwan’s TSEC index is 0.3% higher.   

Over in Europe, London’s FTSE index is up 0.9% in early morning trading, the CAC-40 in Paris has risen 1.4%, and Frankfurt’s DAX index is just over 2%.   

In futures trading, U.S. crude is selling at $41.05 per barrel, up 0.7%, and Brent crude is trading at $43.42 per barrel, also up 0.7%.   

Also in futures trading, the Dow Jones, S&P 500 and Nasdaq are all trending positively.  

Source: Voice of America

Releated

8 COVID Patients Die in India Hospital Fire

NEW DELHI – Eight COVID-19 patients died in India when a fire engulfed the critical care unit of a hospital in Ahmedabad city in the western Gujarat state early Thursday. The victims included five men and three women. About 35 other patients in the hospital were shifted to other facilities. Prime Minister Narendra Modi tweeted […]

1.2 Million More Americans Seek Jobless Benefits

WASHINGTON – Another 1.2 million unemployed U.S. workers filed for government jobless compensation last week, the government’s Labor Department reported Thursday, as the unabated coronavirus pandemic continues to wreak havoc on the American economy.  It was the 20th straight week that more than a million people sought government assistance as the virus unrelentingly attacks communities […]