Home Business News Stock markets boosted as trade war fears fade

Stock markets boosted as trade war fears fade

by LLB Editor
12th Sep 19 9:31 am

“Trump’s decision to delay a planned tariff hike on $250bn of Chinese goods has raised hopes among investors that relationships between the US and China aren’t as battered as many had feared. This has led investors to bid up shares in commodity producers such as Glencore and Anglo American.

“A rally in the miners gave some support to the FTSE 100, although the index was being pulled in the other direction by weakness in banks, utility providers and pharmaceutical firms. The overall result was a mere 0.1% gain in the FTSE 100 to 7,343,” says Russ Mould, investment director at AJ Bell.

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