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Stocks rise on trade optimism, pound strengthens


  • Markets
  • Friday, 18 Jan 2019

The Dow Jones Industrial Average rose 162.94 points, or 0.67 percent, to 24,370.1, the S&P 500 gained 19.86 points, or 0.76 percent, to 2,635.96 and the Nasdaq Composite added 49.77 points, or 0.71 percent, to 7,084.46.  The pan-European STOXX 600 index rose 0.04 percent and MSCI's gauge of stocks across the globe gained 0.40 percent.

The Dow Jones Industrial Average rose 162.94 points, or 0.67 percent, to 24,370.1, the S&P 500 gained 19.86 points, or 0.76 percent, to 2,635.96 and the Nasdaq Composite added 49.77 points, or 0.71 percent, to 7,084.46. The pan-European STOXX 600 index rose 0.04 percent and MSCI's gauge of stocks across the globe gained 0.40 percent.

NEW YORK: Global stock indexes rose on Thursday as optimism over a resolution to the trade war between the United States and China lifted sentiment, while sterling strengthened amid hopes of a second referendum on Britain's membership in the European Union.

U.S. Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports and suggested offering a tariff rollback during trade discussions scheduled for Jan. 30, the Wall Street Journal reported on Thursday, citing people familiar with the internal deliberations.

Markets , Corporate News

   

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