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Stock impact report

Why Trump's new trade truce with China is being hated on by Wall Street [Yahoo! Finance News]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Why Trump's new trade truce with China is being hated on by Wall Street Wall Street loves details and numbers. And when Wall Street doesn’t get the nitty gritty from management teams and politicians, it will often loudly voice its displeasure — usually by dumping stocks. That’s pretty much the lay of the land at the moment in the markets following President Trump’s trade truce announced late Friday afternoon. The president quickly hyped a potential win in China buying $40 billion to $50 billion in agricultural products from struggling U.S. farmers. Stocks initially moved higher on the news, but then reversed course and continue to trade with a downward bias on Monday. “It’s not a game-changer,” UBS head of equities derivatives research Stuart Kaiser tells Yahoo of the preliminary trade agreement, which isn’t yet signed. Kaiser thinks if anything the trade truce sets a near-term floor in the stock market — but he nonetheless expects the to end 2019 at 2,550. The major stock index is Show less Read more
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