Global stocks climb on hopes for trade progress


On Wall Street, the Dow Jones Industrial Average rose 57.44 points, or 0.21%, to 26,827.64, the S&P 500 gained 20.52 points, or 0.69%, to 3,006.72 and the Nasdaq Composite added 73.44 points, or 0.91%, to 8,162.99.

NEW YORK: World stock indexes rose on Monday as signs of work to resolve the U.S.-China trade war bolstered investor hopes, while the Canadian dollar strengthened in the hours before results of the election for prime minister.

U.S. President Donald Trump praised efforts to end the U.S.-China dispute, while White House adviser Larry Kudlow said tariffs scheduled for December could be withdrawn if talks go well.

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