Global stocks rise on renewed trade hopes, set for best week since January

LONDON: Global stocks rose on Friday after a report that U.S.-China trade talks were making progress and a vote by UK lawmakers to delay the British exit from the European Union.

South Korea's KOSPI rose nearly 1 percent. The index had risen as much as 1.2 percent but gave up some gains following reports that North Korea might suspend nuclear talks with the United States. China has so far promised billions in tax cuts and infrastructure spending, as weakening domestic demand and the trade war with the United States curbs economic growth.

"We view the overall outcome of this week’s votes ... as positive for UK assets," strategists at BNP Paribas wrote in a research note."Indeed, the pound has risen by 2 percent on the week. Yet, while most of the routes ahead now look net positive, we still expect a bumpy path."

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Reclaims Global opens at $0.179 apiece on trading debut; down 22% from IPO priceCATALIST-LISTED Reclaims Global opened at 17.9 Singapore cents on its trading debut, down 22 per cent from its initial public offering (IPO) price of 23 Singapore cents. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Wall Street falls at open after weak jobs data, growth concernsREUTERS: U.S. stocks fell at open on Friday after data showed U.S. job growth almost stalled in February, adding to global growth worries sparked ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »