Stocks Climb on Tariff Optimism Amid Mixed Data: Markets Wrap - Bloomberg

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Stocks Climb on Tariff Optimism Amid Mixed Data: Markets Wrap  Bloomberg

U.S. stocks climbed on optimism Mexican tariffs will be avoided, while traders assessed mixed data from the world’s largest economy. The S&P 500 Index rose for a second day and the peso rallied as President Donald Trump said Mexico wants to make a deal with the U.S. and he may know more about it today. Treasury two-year yields fell as weak private jobs data bolstered bets on rate cuts, outweighing a solid service-industries report. Brent sank below $60 a barrel as U.S. storage jumped the most in almost 30 years. Investors have aggressively increased bets the Federal Reserve will ease policy...

https://www.bloomberg.com/news/articles/2019-06-04/stocks-in-asia-to-rally-as-fed-signals-ready-to-act-market-wrap

2019-06-05 17:04:05Z
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