Hopes of trade war, Brexit breakthrough bring cheer
Modest step towards partial US-Sino deal may keep stock market rally going, but may not prevent global slowdown
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US STOCKS rallied last week as two of the darkest clouds on the market horizon parted simultaneously.
This week, the rally could continue, particularly if the Brexit and trade-war clouds continue to lift and third-quarter earnings come in strong.
Last Friday, US President Donald Trump said the US and China had reached "Phase One" of a trade agreement, which could result in US$40 billion to US$50 billion in agricultural purchases by China.
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