Global stocks hit fresh record highs on Monday as an agreement between the US and China de-escalated the long running trade war between the world’s biggest economies and soothed investor nerves.
Wall Street was on track to extend its winning streak to a fourth day amid optimism over the “phase one” pact and an expected vote in Congress later this week on the US-Mexico-Canada trade deal.
The S&P 500 climbed 0.9 per cent in afternoon trading in New York, led higher by shares in energy, healthcare and technology groups. The Dow Jones Industrial Average added 0.6 per cent. The tech-heavy Nasdaq Composite was up 1.1 per cent.
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