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Stocks are climbing despite Trump’s latest China barbs as rate cut hopes buoy markets — the trade war is ‘back in focus’

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  • Stocks climbed on Friday as the growing prospect of a cut to US interest rates this month outweighed renewed tensions in the US-China trade war, an unexpected contraction in Singapore, and uninspiring Chinese trade data.
  • Federal Reserve Chair Jerome Powell told Congress that the central bank is largely in agreement that “more accommodative monetary policy may be appropriate.”
  • However, Trump accused China of “letting us down” by not purchasing US agricultural products as promised.
  • “Unhappy Trump brought the trade war back in focus, reminding investors that the year-old trade battle between the US and China is far from being over,” one analyst read more >>>

    Source:: BusinessInsider.Com