Global Stocks Higher After US, Chinese Presidents Meet

[Epoch-Times-Bot]

Global Stocks Higher After US, Chinese Presidents Meet

BEIJING—Global stocks gained Tuesday after Wall Street gave back some of last week’s huge gains, the American and Chinese presidents met and China’s consumer spending shrank in a sign its economy is weakening.
Frankfurt, Shanghai, Tokyo, and Hong Kong advanced, London was little changed while oil prices declined.
Wall Street futures were higher, suggesting the prices might rebound from Monday’s 0.9 percent loss for the benchmark S&P 500 index. That market gave up part of last week’s 5.9 percent surge after lower U.S. inflation encouraged hopes the Federal Reserve might ease off planned rate hikes.
"Equity markets are looking slightly positive," said Craig Erlam of Oanda in a report. The rally of the past few weeks is "perhaps slowing a little," he said, but "there doesn't appear to be much appetite at this stage to bail on it.”...

Source: Global Stocks Higher After US, Chinese Presidents Meet

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