• World
  • Columnist
  • Commodities
  • WORLD BUSINESS & ECONOMY
  • Executive Knowledge Series
  • Finance
  • Manufacturing
  • Markets
  • Risk & Governance
  • Small Business
  • Technology, Media & Innovation
  • Comments
  • Business AM WebTV
  • Login

Businessamlive
  • FRONTPAGE
  • FINANCE
    • AllAsset ManagementAuditBankingBondBudgetCapital MarketsC&I LeasingCurrencyDealDebt marketForexFund RaisingFundingGovernmentHedge FundsInsuranceInvestmentInvestorInvestor ServicesMergers & AcquistionsMoney marketTreasury BillsMortgagePensionsPersonal financePonziQuantitative EasingshareTaxationTSAWealth Management
      Finance

      Nigeria, Africa remittances on target as Wari, Lycaremit sign partnership

      January 21, 2021

      Companies

      Total Nigeria, Mixta, Valency, list new CPs on FMDQ platform to enhance financial markets development

      January 19, 2021

      Finance

      Amidst N32.22trn public debt, analysts say Nigeria’s external debt service manageable

      January 19, 2021

      Finance

      Stringent regulations, business environment forced Stanbic IBTC out of BDC business

      January 15, 2021

  • MARKETS
  • ECONOMY
    • AllAfricaAgricAirportsAmericaAsiaAustraliaBreakthroughDealEuropeForeign InvestmentsforexGlobal marketGovernanceIMFMiddle EastNECANigeriaOutlookRich listSouth AfricaSport BusinessTradeU.KWest AfricaWorld Economic forum
      Africa Investment Forum

      Africa’s $60bn losses in illicit capital flows due to multinationals’ tax avoidance, says AfDB Adesina

      10 hrs

      Frontpage

      Covid-19 vaccine: Nigeria, 54 others to benefit from African Union’s 270m doses

      January 21, 2021

      Finance

      Nigeria, Africa remittances on target as Wari, Lycaremit sign partnership

      January 21, 2021

      WORLD BUSINESS & ECONOMY

      AfDB signs investment partnership with EIB to fast track development in Africa

      January 21, 2021

  • COMMODITIES
  • ENERGY
    • AllConferenceElectricityOil and GasPowerRenewable
      Frontpage

      OPEC welcomes push for electric vehicles, but says fossil fuel remains strong

      January 21, 2021

      National: Governance, Policy & Politics

      Nigeria ramps up domestic LPG consumption above 1MMT, says PPPRA

      January 20, 2021

      Companies

      TIPP Oil, German lubricant maker, targets 2021 Nigeria launch with eco-friendly scheme  

      January 19, 2021

      Frontpage

      Nigeria aims for cost efficiency, safety, value in oil sector with centre of excellence

      January 19, 2021

  • TECHNOLOGY
  • MANUFACTURING
  • ANALYSIS
    • Analyst Insight

      CBN meeting and NSE in focus

      January 18, 2021

      Analyst Insight

      Once again, fiscal stimulus takes centre stage

      January 18, 2021

      Analyst Insight

      Organisations must learn from the WhatsApp story  

      January 18, 2021

      Analyst Insight

      Data privacy maturity model in organisations

      January 11, 2021

Frontpage

Global stocks rebound on China trade deal indication, bonds fall

May 8, 2019389 views0 comments

A gauge of world equity markets rose and safe-haven bond prices fell on Wednesday after the White House said it had received an indication from China that it wanted to make a trade deal with the United States that had appeared on the brink of unraveling.0
Gold prices earlier hit their highest in more than three weeks as the trade row’s potential impact on global growth curbed the appetite for risk. The dollar eased as investors raised expectations of a U.S. interest rate cut later this year.
The United States will raise tariffs to 25% from 10% on $200 billion worth of Chinese imports effective Friday, according to a notice posted to the Federal Register.
White House spokeswoman Sarah Sanders later said the United States has received an indication from China that Beijing wants to make a trade deal.
Trade delegations from Washington and Beijing are scheduled to begin their latest round of talks on Thursday.
Stocks on Wall Street rebounded as did major indices in Europe, while MSCI’s gauge of equity performance in 47 countries turned higher, adding 0.11%.
Earlier in Asia, shares outside Japan closed 0.94% lower and Japan’s Nikkei index lost 1.46%.
Two weeks ago the market had viewed resolution of the Sino-U.S. trade talks as a foregone conclusion and with it back on the table, volatility has picked up, said Yousef Abbasi, global market strategist at INTL FCStone Financial Inc in New York.
“People put on risk since late December and now they’re having to grapple with uncertainty on a topic they were almost certain about two weeks ago,” Abbasi said. “It puts you in a precarious position.”
The Dow Jones Industrial Average rose 93.89 points, or 0.36%, to 26,058.98. The S&P 500 gained 9.73 points, or 0.34%, to 2,893.78 and the Nasdaq Composite added 31.34 points, or 0.39%, to 7,995.09.
Bond prices fell on the White House announcement, with the benchmark 10-year U.S. Treasury note falling 2/32 in price to push up its yield to 2.4548%.
The dollar remained lower. The dollar index fell 0.11%, with the euro up 0.13% to $1.1204.
The Japanese yen strengthened 0.11% versus the greenback at 110.15 per dollar.
U.S. crude rose 1.4% to $62.26 per barrel and Brent was last at $70.51, up 0.9% on the day.

Read Also:

  • China’s economy grows 2.3%, with potentials to overtake U.S. beyond expectations
  • Access Bank unfolds ambitious expansion into Africa, global markets…
Share on Facebook Tweet Email
PreviousAfDB, Fidelity Bank to fund MSMEs with $50m
NextOil jumps 1 percent after surprise fall in U.S. crude inventories

Leave a comment

- Cancel reply

MARKET DATA

Market Videos

Recent Posts

  • Africa’s $60bn losses in illicit capital flows due to multinationals’ tax avoidance, says AfDB Adesina
  • Nigeria equities go bearish on selloffs in DangCem, AXA Mansard, UBA
  • Covid-19 vaccine: Nigeria, 54 others to benefit from African Union’s 270m doses
  • Morrison Industries taps Oladejo, business consultant, as MD to drive expansion plans
  • Experts canvass exposing farmers to Agri-Insurance to minimize economic losses in sector

World

Africa

Buhari, Okonjo-Iweala congratulate Adesina over reelection as AfDB President

Europe

EU businesses to cut investments in 2020, says EIB report

America

U.S. increases cost of visa application for Nigerians

Africa

Thatcher-Loving Nigeria Candidate Plans to Overhaul Economy

Africa

AfDB scales up industrialization pace on the continent, delivers improved business access to finance, skills, energy

Frontpage posts

0

Nigerian investors to own 51% stake in national shipping line

Frontpage June 6, 2019

1
2

Young farmers call for state of emergency on Nigeria’s economic crisis

Frontpage October 5, 2020

3

FG, CRCC sign $3.9bn contract for Abuja-Itakpe railway

Frontpage October 10, 2019

4

Schlumberger, world’s largest oil services firm, seen positioning as next oil major

Frontpage September 8, 2017

5

Boost industrialisation, integrate payment systems to harness AfCFTA gains, Adesina advises African countries

Frontpage July 30, 2019

SUPPORT

  • Photo Gallery
  • Help Centre
  • About Us
  • Accessibility

LEGAL & PRIVACY

  • Terms & Conditions
  • Privacy
  • Cookies
  • Copyright

SERVICES

  • Conferences & Events
  • Analysts Research
  • Advertising Rate
  • Ebooks

TOOLS

  • Portfolio
  • Newsletters
  • News feed
  • Currency Converter

SUBSCRIBE

Join us to get latest updates on business related news.

[mc4wp_form id="3076"]
  • ABOUT US
  • CONTACT US
  • CAREERS
  • TERMS & CONDITIONS
  • PRIVACY POLICY
Copyright 2017. All rights reserved. BusinessAMLive. A Businessnewscorp Member Company.