World stock markets rally on hopes for U.S.-China trade deal

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NEW YORK (Reuters) – Signs that the United States and China might reach an agreement in trade talks and news of a tentative deal to avoid another government shutdown in Washington helped push world stock markets and bond yields broadly higher Tuesday.

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 8, 2019. REUTERS/Brendan McDermid

Tokyo’s Nikkei set the tone with a 2.6 percent rally, its best day of the year, while the Stoxx 600 index of European shares gained nearly 0.5 percent.

On Wall Street, the Dow Jones Industrial Average rose 372.65 points, or 1.49 percent, to 25,425.76, the S&P 500 gained 34.93 points, or 1.29 percent, to 2,744.73 and the Nasdaq Composite added 106.71 points, or 1.46 percent, to 7,414.62.

MSCI’s gauge of stocks across the globe gained 1.17 percent.

U.S. and Chinese officials expressed hopes that the new round of talks, which began in Beijing on Monday, would bring them closer to easing their nearly…



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