Local Stocks Rebound Amid Positive US-China Trade Negotiations

Local stocks rebound amid positive US-China trade negotiations

The Philippine Stock Exchange index (PSEi) rose as investors reacted positively to the ongoing trade discussions between the United States and China. The main index gained 33.65 points (0.53 percent), closing at 6,381.32 on Wednesday, June 11. The Industrial sector led the advance.Trading volume declined to 897 million shares valued at ₱7.14 billion. Gainers outnumbered losers 104 to 91, with 44 stocks remaining unchanged."Philippine shares rebo…

European stocks rise slightly amid US-China trade talks

European stock prices rose a bit on Wednesday morning as traders showed caution due to a lack of information on the interim agreement between the US and China on trade. The STOXX 600 index of leading European companies recorded a growth of 0.1 percent at 9:30 am.  At the same time, London's FTSE index strengthened by 0.22 percent and reached 8,870 points, while Frankfurt's DAX rose by 0.23 percent, to 24,040 points. Paris recorded a slightly hig…

US: Stocks advance as China trade talks drag on

Wall Street stocks advanced on Tuesday as markets hoped for progress in US-China trade talks while digesting the World Bank’s lowered economic growth forecast.