United Kingdom  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

With China Easing on Trade, Stocks Rise But Treasury Yields Stay Put

Video Credit: The Street - Duration: 01:14s - Published < > Embed
With China Easing on Trade, Stocks Rise But Treasury Yields Stay Put

With China Easing on Trade, Stocks Rise But Treasury Yields Stay Put

China's Finance Ministry just did something that's music to Trump's ears.

And it was music to the ears of investors across the U.S. financial market as well.

China's Finance Ministry announced it will exempt 16 different U.S. products that were initially tariffed in July 2018 from current tariffs.

Not only is this indicative of a potential trade deal down the road, but China's conciliatory stance makes the White House's stance far more likely to be similar in nature.

U.S. stocks had rallied for a hot second last week as Trump said he and Xi Jinping will met in October.

The market is now incrementally more optimistic there will be a trade deal at some point.

The S&P 500 rose as much as 0.13% Wednesday and is up 19% year-to-date now.

The other two major U.S indices also rose.

Meanwhile, the 10-year treasury yield didn't move much.

Some of the rallies of the past few weeks have been seen as classically "risk-on," with the 10-year treasury now yielding above 1.7%, up from 1.55% previously, as money had flown out of the safer asset and into stocks.

But even with hopes that the economic drag of the trade war can be much removed in the future, the 10-year treasury stayed put at around 1.75%.

Investors still expect more than one Federal Reserve interest rate cut in 2019, as the probability of a 2020 recession is still higher than it was several months ago.

Premium Pick: Jim Cramer: 4 Reasons to Buy Starbucks, Chipotle and These 6 Stocks Now Trivia: Can You Name This Only-Colonial Era Church in NYC?

TheStreet Explains: What Are Tariffs and Why Do They Move the Market?

Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud Catch Up: Today's Top News Videos Below

0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related videos from verified sources

Stocks pause on trade deal uncertainty [Video]Stocks pause on trade deal uncertainty

U.S. stocks edged lower Monday as uncertainties following recent U.S.-China trade negotiations clouded sentiment and investors turned their focus to the third-quarter earnings season, which begins..

Credit: Rumble     Duration: 01:21Published

'We'll do what we need to do' to get China trade deal done -Mnuchin [Video]'We'll do what we need to do' to get China trade deal done -Mnuchin

U.S. Treasury Secretary Steven Mnuchin said on Monday that an additional round of tariffs on Chinese imports will likely be imposed if a trade deal with China has not been reached by December 15, but..

Credit: Reuters Studio     Duration: 01:00Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.