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Wall Street advanced on Tuesday, which was also the last trading day of the month. For the month of July, US stocks posted their largest monthly gains since January, driven by solid earnings and robust economic data.
The United States and China are trying to revive trade negotiations. Representatives of US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are in private talks to resume negotiations on trade issues to avoid a trade war, Bloomberg News reported, citing two sources. Mnuchin told CNBC last week that "quiet conversations" with Beijing continued to take place.
The last trade dispute between the two largest economies in the world came after the entry into force of US rights on $ 34 billion. , a move that was quickly met with retaliation from Beijing.
The earnings season also continued stateside. According to Thomson Reuters, about 60% of the S & P 500 companies have already announced results, and 82% of them announce record profits.
The Dow Jones Industrial Average added 0.43%, or 108.36 points To close at 25,415.19, the S & P 500 rose 0.49% to 2,816.29 and the Nasdaq Composite gained 0 , 55% to end the session at 7,671.79
In currencies, the dollar was firmer before the conclusion of the political meeting of the Federal Reserve, overnight news related to trade also supporting the currency. The dollar index, which tracks the greenback versus a basket of currencies, rose to 94,493.
Against the yen, the dollar was trading at 111.74 at 7:04 HK / SIN, the Japanese currency being weaker after the Bank of Japan kept the policy stable and made some minor communication adjustments on Tuesday.
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