At midday: Global stock markets rebound on new U.S.-China trade call [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
At midday: Global stock markets rebound on new U.S.-China trade call North American and European stocks jumped, the U.S. dollar strengthened and bond prices rose on Tuesday on news U.S. and Chinese officials held a telephone call to discuss tariffs and planned another call in two weeks, easing concerns about the U.S.-Sino trade war. The Trump administration will delay imposing a 1 per cent tariff on certain Chinese products, including laptops and cell phones, that had been scheduled to start next month, the Office of the U.S. Trade Representative later said. Equity, debt and FX markets sharply reversed course minutes after Wall Street opened for trade on news from Hong Kong about a call Chinese Vice Premier Liu He held with U.S. officials, China’s Ministry of Commerce said in a statement. Story continues below advertisement Liu spoke with U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin on Tuesday evening, the statement said. “The news today is ob
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