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US stocks rise on trade optimism


Added 06-26-19 11:04:01am EST - “President Trump? and? Chinese? President Xi Jinping are set to meet in Japan during the G-20 summit amid ongoing tensions.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “US stocks rise on trade optimism”. Below is an excerpt from the article.

Vantagepoint Investment Advisers CIO Wayne Wicker on the state of the markets and the potential impact of Federal Reserve policy.

U.S. stocks rose on Wednesday following comments on trade by Treasury Secretary Steven Munchin that investors read as being optimistic about a deal with China.

Mnuchin said Wednesday in an interview on CNBC that a U.S.-China trade deal was nearly 90 percent done before talks collapsed, but he remains hopeful talks will get back on track.

President Trump and Chinese President Xi Jinping are set to meet in Japan during the G-20 summit amid ongoing tensions.

In an interview with Maria Bartiromo on FOX Business, Trump said he would do additional tariffs if the two nations cannot make a deal. He added that his Plan B for China is to take in billions and billions in tariffs.

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