Stocks in tentative rebound after Trump's trade war scare
By Herbert Lash
NEW YORK (Reuters) - Government debt yields and a gauge of global equity markets rose on Wednesday as sentiment improved after U.S. President Donald Trump said trade talks with China were going "very well" and a news report suggested key differences were being ironed out.
European stocks rallied, with the blue-chip Euro STOXX 50 , Germany's DAX and French CAC 40 gaining more than 1%. The news reversed overnight losses in Asia when investors remained jittery over the prolonged talks.
The safe-haven yen and Swiss franc fell as Trump's encouraging comments on the U.S.-China trade negotiations boosted "risk-on" sentiment.
The dollar index fell after the Institute for Supply Management (ISM) reported activity in the U.S. services sector slowed more than expected in Nove ...