Wednesday brought a welcome relief rally for the Dow Jones, which surged more than 200 points as risk assets rallied around the globe.
Adding to the bullish mood, new data revealed that the US-China trade balance is on track to shrink to a six-year low.
Dow Jones Recovers as Investors Celebrate Easing Tensions
Heading toward the closing bell, the Dow Jones Industrial Average had rallied 217.10 points or 0.83% to 26,335.12.
Crude oil – a tremendous indicator for the global growth outlook – surged 4% in risk-on trading conditions.
Trump Triumphant? US-China Trade Deficit Narrows
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Author: Francois Aure