Sun, 18 Aug 2019

U.S. stocks join in global markets rally

Lola Evans
16 May 2019, 06:29 GMT+10

<p>NEW YORK, New York - U.S. stocks continued their rally on Wednesday, buoyed by hopes the U.S. and China will get back to nutting out a deal on trade soon.</p><p>Meantime U.S. President Donald Trump says he may delay auto tariffs he had proposed.</p><p>On foreign currency markets the British pound dived amidst continuing uncertainty over Brexit.</p><p>The Dow Jones Industrial Average closed 119.81 points or 0.47% higher on Wednesday at 25,651.86.</p><p>The Standard and Poor&#39;s 500 advanced 16.73 points or 0.59% to 2,851.14.</p><p>The Nasdaq Composite did best of all, appreciating by 87.65 points or 1.13% to 7,822.15.</p><p>The British pound dwindled to 1.2841, the biggest mover on FX markets on Wednesday.</p><p>The euro remained weak, last quoted at 1.1203.</p><p>The Japanese yen and the Swiss franc eased a touch to 109.58 and 1.0087 respectively.</p><p>The Canadian dollar edged up to 1.3442, while the Australian and New Zealand dollars remained friendless at 0.6924 and 0.6560 respectively.</p><p>In overseas markets the FTSE 100 in &lt;London closed 0.76% higher on Wednesday.</p><p>The German Dax rose by 0.90%. The Paris-based CAC 40 added 0.62%.</p><p><a href="https://www.bignewsnetwork.com/news/261041828/smiles-in-asia-as-stocks-rally">In Asian markets</a>, the Nikkei 225 in Japan gained 121.33 points or 0.58% to 21,188.56.</p><p>China&#39;s Shanghai Composite appreciated by 55.07 points or 1.91% to 2,938.68.</p><p>The Australian All Ords added 43.70 points or 0.69% to 6,370.90.</p><p>The Hang Seng in Hong Kong climbed 146.69 points or 0.52% to 28,268.71.</p>

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