· Stocks jumped on Monday after President Donald Trump said China is ready to come back to the negotiating table following a phone call Sunday.
The Dow Jones Industrial Average closed 269.93 points higher, or 1.1% to 25,898.83. The S&P 500 climbed 1.1% to 2,878.38 while the Nasdaq Composite advanced 1.3% to close at 7,853.74.
For August, the major indexes are all down more than 3% as U.S.-China trade tensions rise. Safe-haven assets like gold, silver and long-dated Treasurys are all up sharply month to date. The SPDR Gold Trust is up 8.2% while the iShares Silver Trust has climbed 8.6%. The iShares 20+ Year Treasury Bond ETF (TLT) has surged nearly 10%.
· European stocks closed flat on Monday, after U.S. President Donald Trump said China had called U.S. trade negotiators to resume talks.
The pan-European Stoxx 600 index was just above the flatline at the closing bell, with China-exposed autos stocks leading gains on a 1% climb. Healthcare stocks were the worst performers, falling 0.4%. U.K. markets were closed due to a bank holiday.
· Stocks in Asia traded higher on Tuesday as investors watch for developments on the U.S.-China trade front following a recent escalation in tensions.
Japan’s Nikkei 225 gained 1.05% in early trade, as shares of index heavyweight and conglomerate Softbank Group jumped 2.87%. The Topix also rose 0.93%.
South Korea’s Kospi added 0.69% as chipmaker SK Hynix saw its stock rise 1.53%. Australia’s S&P/ASX 200 edged up 0.13%.
Overall, the MSCI Asia ex-Japan index rose 0.13%.
Reference: CNBC
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