Morning Report 14 Feb 19: Stocks advance on trade optimism

 

 US sharemarkets were up by around 0.3% on Wednesday. Investors watched news on the US-China trade talks. Treasury Secretary Steven Mnuchin described the talks as "so far, so good". The South China Morning Post also reported China’s President Xi Jinping “is scheduled to meet” key members of the US trade talks delegation, including US Trade Representative Robert Lighthizer and Treasury Secretary Mnuchin, in Beijing on Friday. Shares in Activision Blizzard rose 7.8% after the videogame maker announced a share buyback plan and job cuts. With an hour of trade to go the Dow Jones index was higher by 140 points or 0.6%. The S&P500 index was up by 0.5%. And the Nasdaq index was higher by 30 points or 0.4%.

 

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