stock trader happy

Stocks climbed on Friday as the growing prospect of a cut to US interest rates this month outweighed renewed tensions in the US-China trade war, an unexpected contraction in Singapore, and uninspiring Chinese trade data.
Federal Reserve Chair Jerome Powell told Congress that the central bank is largely in agreement that “more accommodative monetary policy may be appropriate.”
However, Trump accused China of “letting us down” by not purchasing US agricultural products as promised.
“Unhappy Trump brought the trade war back in focus, reminding investors that the year-old trade battle between the US and China is far from being over,” one analyst said.
View Markets Insider’s homepage for more stories.

Stocks climbed on Friday as the growing prospect of a cut to US interest rates this month outweighed renewed tensions in the US-China trade war, an unexpected contraction in Singapore, and uninspiring Chinese trade data.

In a speech to Congress on Thursday, Federal Reserve Chair Jerome Powell flagged trade fears, slowing global growth, and low inflation as threats to business investment and continued economic expansion. “I think many of my colleagues have come to the view that a somewhat more accommodative monetary policy may be appropriate,” he said, according to Reuters.

However, President Donald …read more


Source:: Businessinsider – Finance

      

(Visited 1 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *