Morning Report 7 Aug 19: Stocks recover after the worst one day selloff this year

US sharemarkets rebounded on Tuesday. Traders were comforted that China had moved to stabilise its currency. Also National Economic Council Director Larry Kudlow said that US President Trump was still planning to host a Chinese trade delegation in September. After being up 321 points, the Dow Jones gained 312 points or 1.2% with the S&P500 up 1.3%, while the Nasdaq lifted 107 points or 1.4%. 

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