NEW YORK / LONDON (IT BOLTWISE) – Stock markets are showing a significant recovery following news of progress in trade talks between the US and China. This development not only boosted the stock markets, but also drove up the prices of raw materials such as oil and copper. Experts see this as a positive signal for the global economy as investors eagerly await the final agreement.
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Recent progress in trade talks between the US and China has led to a noticeable recovery in stock markets. This positive development not only boosted the stock markets, but also drove up the prices of raw materials such as oil and copper. Experts see this as a positive signal for the global economy as investors eagerly await the final agreement.
In Asia, stocks rose 0.8%, with bourses in Japan and South Korea up about 2%. This positive mood was also carried over to the US markets, where futures for the S&P 500 and the Nasdaq 100 continued to rise after the previous week’s record highs. The prospect of a trade deal between the world’s two largest economies has bolstered expectations of rising global demand.
The effects of the trade negotiations are also being felt on the raw materials markets. The price of copper, often seen as an indicator of global economic growth, saw a significant increase. Oil prices also rose on hopes that a trade deal could boost global energy demand.
While the stock markets and commodities benefit from the positive news, bonds and gold fell. U.S. Treasury yields rose, indicating lower demand for safe-haven assets. Gold, often seen as a safe haven in uncertain times, also fell as investors became more optimistic about the future.
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