Global stocks rally on renewed trade talk optimism, yields rise
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.
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., November 18, 2019. REUTERS/Brendan McDermid
European stocks rallied, with the blue-chip Euro STOXX 50 .STOXX50e, Germany's DAX .GDAXI and French CAC 40 .FCHI 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 dolla ...