World stocks inched ahead to a record high on Thursday after the United States a...
TOKYO - World stocks inched ahead to a record high on Thursday after the United States and China signed an initial deal to defuse their 18-month trade war, though financial markets were wary as a number of thorny issues remained unresolved.
The Phase 1 deal however does not fully eliminate the tariffs while the $200 billion purchase targets, which include energy, farm and manufacturing products, look daunting to achieve. On the Wall Street, the S&P 500 closed at a record high of 3,289.3 points, up 0.19%, with gains fairly small after the market has rallied for months on hopes of a deal.
The 10-year U.S. Treasuries yield slipped to one-week low of 1.780% compared with a high of 1.900% last Thursday and last stood at 1.793%.
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