Green Across The Board: World Stocks Follow U.S. Markets Higher As Optimism Surges
By JJ Kinahan
Stocks around the world are swimming in a sea of green Wednesday morning as optimism continues to grow about possible resolutions to some of the major geopolitical issues haunting the markets. The S&P 500 Index starts the day above its 200-day moving average for the first time in more than two months.
A double-dose of good news got the U.S. market back on a positive track Tuesday after several days of malaise, and the U.S. gains spread overseas to Europe and Asia early Wednesday. Stocks are reacting to hopes for a deal to potentially avoid a government shutdown this weekend, along with the potential for a looser deadline for China trade negotiations. President Trump said Tuesday he might let the early March deadline slip if progress is being made. Talks between the two countries resume this week, and there were media reports early Wednesday that China’s President Xi might meet with U.S. negotiators.
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