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
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.
TRENDING NOW
Government to bring forward raising of retirement age, give employers more financial support to create flexi-load jobs
Former minister Maliki Osman, Revolut chairman join Asia Gulf Holdings advisory board
Is Manila Asia’s new dining hot spot?
Simba at risk of losing operating licence over spectrum misuse
