GLOBAL MARKETS-Stocks hit new highs as trade worries ease, dollar slips [Reuters]
BlackRock, Inc. (BLK)
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Source: Reuters
Stocks hit new highs as trade worries ease, dollar slips | Reuters 4 Min Read NEW YORK (Reuters) - World stock markets rallied on Thursday, with the Dow and S&P; 500 setting new highs, while the U.S. dollar slipped as investors viewed this week’s fresh U.S. and Chinese tariffs on imports as less harsh than initially feared. Still, investors remained cautious about the next steps in the U.S.-Sino trade dispute, driving long-dated U.S. Treasury yields lower. But the equity market’s early take on the latest trade moves was that they were mostly benign for the U.S. economy. Larry Fink, chief executive of BlackRock Inc, the world’s largest asset manager, said the United States was “a big winner” in the trade spat with China “in the short-term,” though not necessarily over time. The greenback fell amid a drop in safe-haven demand for the currency and a resurgence in global risk appetite on relief that the new round of U.S. and Chinese import tariffs was less harsh than feared.] The Dow indu
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