US sharemarkets rose solidly on reports of an easing of trade tensions between the US and China. There were broad-based gains with industrials doing best. But shares of Netflix fell by 4% after the steaming company revealed lower-than-expected earnings in the quarter. At the close of trade the Dow Jones index was higher by 336 points or 1.4%. The S&P500 index was up by 1.3%. The Nasdaq index was higher by 73 points or 1.0%. Over the week the Dow Jones rose by 3%, the S&P 500 rose by 2...
US sharemarkets rose solidly on reports of an easing of trade tensions between the US and China. There were broad-based gains with industrials doing best. But shares of Netflix fell by 4% after the steaming company revealed lower-than-expected earnings in the quarter. At the close of trade the Dow Jones index was higher by 336 points or 1.4%. The S&P500 index was up by 1.3%. The Nasdaq index was higher by 73 points or 1.0%. Over the week the Dow Jones rose by 3%, the S&P 500 rose by 2.9% and the Nasdaq rose by 2.7%.
European sharemarkets rose strongly on Friday. There was a report that US Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports. Also there was a Bloomberg report that said China has offered to ramp up imports from the US. Trade-sensitive stocks and sectors did best. The pan-European STOXX600 index rose by 1.8%. The UK FTSE lifted by 2% while the German Dax index lifted 2.6%. In London trade, shares of Rio Tinto rose by 0.7% and BHP rose by 1.8%.
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