Indexes climb on fresh hopes for US-China trade deal

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U.S. stocks rose by about 1per cent for the second straight day on Thursday on hopes that top-level U.S.-China trade talks would yield at least a ...

NEW YORK: U.S. stocks rose on Thursday on hopes that top-level U.S.-China trade talks would yield at least a partial deal, while a jump in Apple's shares also boosted the market.

Chinese officials had indicated more willingness to negotiate, according to a Chinese state news agency Xinhua report, while a senior U.S. Chamber of Commerce official said U.S. and Chinese negotiators were working toward an"early harvest" of confidence-building agreements, including one to avoid currency manipulation.

Data on Thursday showed U.S. consumer prices were unchanged in September, while underlying inflation retreated.

 

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