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- Negotiations between the US and China, and Brexit’s delay, managed to bring US markets on green
Negotiations between the US and China, and Brexit's delay, managed to bring US markets on green
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Loading...U.S. stock index futures pointed to a higher start to the trading day Thursday as investors cheered progress on U.S.-China trade talks.
U.S. Treasury Secretary Steven Mnuchin that Washington and Beijing have “pretty much agreed on an enforcement mechanism” for when a deal is struck.
“We are hopeful we can do this quickly, but we are not going to set an arbitrary deadline,” Mnuchin added. “If we can complete this agreement, this will be the most significant changes to the economic relationship between the U.S. and China in really the last 40 years.”
The Wall Street Journal also reported that China agreed to open its cloud-computing sector to foreign companies in an attempt to sweeten a deal with the U.S.
Investors also weighed news that talks between EU leaders and British Prime Minister Theresa May culminated in a “flexible extension ” of the U.K.’s departure from the bloc until Oct. 31.
Donald Tusk, president of the European Council, said this development provides extra time for the “U.K. to find the best possible solution.”
Soource: CNBC
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