A deals spree
Global stocks, cryptocurrencies and oil are rallying this morning as investors cheer a potential breakthrough in U.S.-China trade talks, as well as a slew of other potential deals that together signal a major easing of trade war tensions.
UnitedHealth (UNH) also buoyed upwards based on the easier sentiment on Healthcare and Pharmaceutical market growth, with the easing of U.S.-China trade war tensions.
American and Chinese officials hailed the progress this weekend in reaching a framework agreement that appears to cover a number of contentious issues, including Beijing’s export curbs on rare earth metals, shipping taxes and fentanyl. There was also progress on TikTok.
Treasury Secretary Scott Bessent said that China had also committed to again step up purchases of U.S. soybeans, a pullback this year that had rattled American farmers.
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