2019 August, 26, 02:38:10 PM

Wall Street Jumps As Trump Stokes Trade Optimism

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By Investing.com--

 

Wall Street jumped on Monday on trade optimism after U.S. President Donald Trump said China had called him and wanted to restart negotiations.

 

The Chinese side didn't confirm the calls, but investor's nerves were soothed as markets turned positive. Tensions escalated on Friday after both countries increased import tariffs on each other's goods and Trump threatened to impose a broader boycott on China.

 

"Whether or not he (Trump) has a phone call with China doesn't matter, the point is that he is attempting to keep the September meeting scheduled and get back to the negotiating bit,” said Art Hogan, chief market strategist at National Securities in New York. Full Story on Investing.com

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