Global equities are advancing at least in part on ideas that trade tensions are easing. China announced it would not take immediate action on the five percentage point increase in levies that the US announced strictly in response to China's retaliatory tariffs. A lull between blows is not the same thing as de-escalation or truce. The next round of tariff increases is set for September 1. Nevertheless, equities are higher following the 1.25% rise in the S&P 500 yesterday. China and Indian markets were the notable laggards in the Asia Pacific. The Dow Jones Stoxx 600 is up about 0.7% and near its best levels since ... (full story)