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The US stock market continued to increase slightly for the eighth consecutive day on Friday; US and Chinese negotiators continue to seek a trade deal between the two largest economies on the planet.
"The Dow Jones Industrial Average rose on Friday, marking its first consecutive series of wins in more than a year, as confidence in US-China trade relations improved," CNBC reports. .
"The Dow is looking to surpass the record of 27,398.68 in intraday. Until Thursday's close, the Dow Jones was only 0.8% below this level. The S & P 500 was also within the range of its record of 3,027.98, "adds the site. "The focus on markets is largely tied to global trade developments, as the world's two largest economies have continued to prepare for negotiations in early October to exit the world. stalemate of the trade war ".
Read the full report to CNBC.
Original story: August 26, 2019
The US stock market surged Monday morning after a series of positive trade talks between President Trump and other world leaders at the G7 summit that was held this weekend. with China adding that they are now seeking a "calm end" to a possible trade war with the United States.
"Stocks rose after President Trump said on Monday that talks with Beijing were continuing despite the escalation of the trade war last week," reports Fox Business.
"Great respect for the fact that President Xi and his representatives want a" calm solution. "They are so impressed that they are willing to talk about it and expose the facts with as much clarity. why he is a great leader and represents a great country.The discussions are continuing! "tweeted the president.
Great respect for the fact that President Xi and his representatives want a "calm resolution". They are so impressed that they are willing to talk about it and expose the facts with as much precision. That's why he is a great leader and represents a great country. Discussions are continuing! Https: //t.co/0sotrd1Mzh
– Donald J. Trump (@realDonaldTrump) August 26, 2019
"The news of the possible opening of negotiations came shortly after President Trump threatened to declare a national emergency that would result in American companies freezing their relations with China. Friday's Trump roadblock was a response to China imposing its own retaliatory tariffs on $ 75 billion worth of US goods, "reports Fox News.
"China is willing to resolve its trade dispute with the United States through calm negotiations and resolutely opposes the escalation of the conflict," said Chinese Vice Premier Liu He, chief trade negotiator from China.
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