World stocks rally on hopes for US-China trade deal

Signs that the U.S. and China might reach an agreement in trade talks and news of a tentative deal to avoid another government shutdown in Washington helped push world stock markets and bond yields broadly higher Tuesday.

On Wall Street, the Dow Jones Industrial Average rose 238.95 points, or 0.95 percent, to 25,292.06, the SP 500 gained 24.75 points, or 0.91 percent, to 2,734.55 and the Nasdaq Composite added 81.40 points, or 1.11 percent, to 7,389.30 in early trading.

Beijing and Washington are trying to hammer out a deal before a March 1 deadline, without which U.S. tariffs on $200 billion worth of Chinese imports are scheduled to increase to 25 percent from 10 percent.

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Article source: http://www.dailystar.com.lb//Business/International/2019/Feb-12/476471-world-stocks-rally-on-hopes-for-us-china-trade-deal.ashx