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

Published Sun, Oct 13, 2019 · 09:50 PM

    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.