Government debt yields and a gauge of global equity markets rose on Wednesday as...
gaining more than 1%. The news reversed overnight losses in Asia when investors remained jittery over the prolonged talks.
The poor ISM reading failed to derail the rally in equities as the underlying economic data overall is getting better, said Jim Paulsen, chief investment strategist at The Leuthold Group in Minneapolis. Trump, who on Tuesday had roiled markets after he raised the prospect of extended U.S.-Sino trade tensions, told reporters at a meeting of NATO leaders near London that “discussions are going very well and we’ll see what happens.”
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