Reuters Insider - Stocks rally on trade hopes

Capital Securities

26/02/2019 24:54

Click the following link to watch video: https://share.insider.thomsonreuters.com/link?entryId=1_orb3t514&referenceId=tag:reuters.com,2019:newsml_OVA32Z7UZ_930&pageId=ReutersNews
Source: Reuters Insider

Description: U.S. stocks edged higher after President Donald Trump said he
would delay a planned hike in tariffs on Chinese imports. Fred Katayama
reports.
Short Link: https://reut.rs/2H2VFcs

Video Transcript:

US stocks hammered out on modest gain amidst smiles at the Stock Exchange on
trade hopes Monday. Tech and industrial companies led the charge after
President Donald Trump said he would delay a planned hike in tariffs on
Chinese imports. He said he's close to a deal. Spartan Capital Securities
Chief Market Economist Peter Cardillo.

It's all about the fact that President Trump delayed the March 1 deadline on
imposing new tariffs to China, and that's a good sign because basically what
we're reading here is that a trade deal is going to happen.

—more trade-sensitive industrial stocks like Caterpillar and Boeing.
Industrials also got a lift from General Electric. The conglomerate is selling
its biopharma business to Danaher for $21.4 billion. Newmont Mining's shares
fell after it rejected a hostile takeover bid of nearly $18 billion from
Canadian miner Barrick Gold. In Europe, the trade tariff reprieve drove shares
higher