Trade war: Stock markets rally as Trump rows back on Fed and China threats
The Dow Jones Industrial Average and tech-focused Nasdaq Composite both ended Tuesday trading 2.7% up, erasing losses of the previous day.
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Asian markets later followed that lead, with the Hang Seng in Hong Kong gaining 2.2%.
European futures also indicated a strong opening ahead while the US dollar - badly hit by trade war implications in recent weeks - was at least a cent higher than a day earlier against many rival currencies including the pound.
The rally gathered steam when US Treasury secretary Scott Bessent told a private JPMorgan event that he expected a " de-escalation " in the spiralling spat with Китай.
'Сега е нашето време ": Въпреки цените, Китайската Силиконова котловина е подготвена да направи своя отпечатък в света
Това е борба, която ни е видяла цените да ударят 145% и Китай да реагира с отговорности от...
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