Asian shares closed in on their July peak on Tuesday on increasing signs the Uni...
In Europe, shares rallied more than 1%, with many reaching their highest level since January 2018. The STOXX 600 index of small, mid-sized and large companies across Europe surged to highs last seen in July 2015.
The story came after Beijing and Washington spoke of progress in trade talks on Friday and U.S. Commerce Secretary Wilbur Ross said licenses for U.S. companies to sell components to China’s Huawei Technologies Co will come “very shortly.” “The data suggests the U.S. is almost in a full employment. More importantly those strong numbers came after three rate cuts by the Fed,” said Norihiro Fujito, chief investment strategist at Mitsubishi UFJ Morgan Stanley Securities.
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