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Global stockpile is higher than US China-speaking performance



Global stocks increased Monday when investors knew the next step in the US-China trade negotiations.

After a rally in Asia, where Hong Kong's Hang Seng rose 1.6%, Stoxx Europe 600 increased by 0.1%.

US The markets were closed for the presidential day. The Dow Jones Industrial Average Futures was up 0.1%. Dow last week reached its eighth consecutive week, the longest winning route since November 2017.

Trade tensions between the world's two largest economies have depreciated stocks over the past few months, as it has become adults as the tariff could increase to one slower global growth picture.

Officials from both countries are holding further talks this week in Washington following discussions in Beijing. President Trump tweeted on Sunday that "great progress is made on so many different fronts!"

  Aides set up platforms before a group photo with members of US and Chinese Trade Negotiations at Diaoyutai State Guesthouse in Beijing, China, February 15.

Aides sets up platforms before a group photo with members of US and Chinese Trade Negotiations at Diaoyutai State Guesthouse in Beijing, China, February 15.


Photo:

mark schiefelbein / Press Pool

"The market has been worried about China fees, but Trump wants a deal and much of the fear is generally left over," says Patrick Spencer, vice president of shares in Baird.

Other analysts were more cautious, as there is still a big difference between the concessions that China is willing to offer and what the Trump administration will accept. Sharp divisions remain on things like how Beijing can deal with US complaints that China is pushing US companies to share.

"We do not believe the tariffs are going higher on March 2, but major problems do not persist," Andrew Sheets, chief cross-ass strategist at Morgan Stanley, wrote in a note to customers.

Investors were also looking for a busy week of central bank announcements, with minutes from the recent Federal Reserve and European Central Bank meetings to be released. Dovish signals from the Fed and the ECB over the past few weeks have contributed to the slump of stocks at the end of last year.

"The more patient terminology from the Fed has been quite accommodating to the markets so far," Spencer says.

The Fed will release the minutes of its meeting on Wednesday, June 29-30, and the ECB will publish its meeting in January on Thursday.

The notes "will be reviewed for clues about the depth of the shifts in their respective prospects," analysts at

Société Générale

wrote in a note to customers.

In currencies, the WSJ Dollar Index, which tracks the dollar against a basket of 16 currencies, was down 0.1%.

In U.K. ceased the pound as a group of British legislators to end Britain's largest opposition Labor Party, a step that illustrates how Brexit has exposed the course of the British political system. The group all benefits U.K.'s membership of the EU, although their movement is considered unlikely to change the Brexit outlook.

Sterling increased by 0.3% against the dollar.

In Asia, Japan's Nikkei ended 1.8% while South Korea's Kospi index rose 0.7%.

In commodities, Brent crude, the global oil target, was largely flat, while gold prices rose 0.5%.

Write to Georgi Kantchev at georgi.kantchev@wsj.com


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