Trade war thaw and ECB stimulus hopes buoys stocks [Reuters]
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Source: Reuters
Trade war thaw and ECB stimulus hopes buoys stocks LONDON (Reuters) - stocks climbed to their highest in six weeks on Thursday as the European Central Bank prepared to offer new stimulus measures and the United States and China made mutual concessions in their trade dispute, improving demand for riskier bets. U.S. President Donald Trump delayed an increase in tariffs on Chinese goods by two weeks, after China exempted some U.S. drugs and other goods from tariffs. The two moves buoyed stock markets from Asia to Europe and put pressure on safe assets like the Japanese yen. MSCI’s world equity index, which tracks shares in 47 countries, rose 0.1% to its highest since Aug. 1. It was on course for its seventh straight day of gains, its best winning streak in since early June. Europe’s Euro STOXX 600 climbed to its highest in nearly seven weeks, then gave up the gains. Paris and London markets also relinquished early gains, though Frankfurt held onto a 0.2% advance. Wall Street futures gau
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