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Trade Optimism Boosts Sentiment but Weighs on the US Dollar
Indications that a phase one agreement between the US and China would include rolling back some existing tariffs is boosting risking appetites, sending stocks higher, and pushing up yields. However, this appears to be simply a restating of China's views rather than a new breakthrough. The dollar is paring its recent gains. The MSCI Asia Pacific Index rose for the fifth time in six sessions to reach its best level since August 2018. Europe's Dow Jones Stoxx 600 is pushing higher and is at new four-year highs. The S&P 500 pulled back yesterday to fill the gap created by Monday's higher opening but is set to make new ... (full story)