Global stocks are surging after Trump cancels Mexico tariffs
|06/10/2019||Posted by BusinessMediaguide.Com under General World News||
- President Trump’s cancellation of planned tariffs on Mexican imports tempered fears of another trade war, sending Asian and European stocks and US futures higher on Monday.
- “Whilst this is positive for risk assets, one should be cautious that this may only embolden Mr Trump to use tariffs as a policy tool for the pursuit of non-economic interests,” said one analyst.
- Investors’ appetite for risk was also boosted by a weak US jobs report, which fueled anticipation of cuts to interest rates by the Federal Reserve.
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