trade agreement: Chinese and US negotiators are planning talks to resolve their trade row ahead of meetings in November, the Wall Street Journal reported on Friday, according to Nine News Australia. Additionally, Mexico's economy minister, Ildefonso Guajardo, said he hopes to wrap up outstanding bilateral issues on the North American Free Trade Agreement NAFTA by the middle of next week. To improve your experience update it here News World Wall St rises on upbeat trade news7 24am Aug 18, 2018Facebook Tweet MailUS stocks have closed higher, with the S&P 500 and the Dow Jones Industrial Average extending gains and the Nasdaq turning positive on reports of progress in tariff disputes between the United States and its trading partners China and Mexico. The threat of a trade war threatens economic activity, said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco. Trade-vulnerable industrial stocks led advances by the S&P 500 and the Dow, with the S&P 500 industrial sector gaining 0.6 per cent. The fact that the administration might resolve trade disputes sooner rather than later, without a sustained time frame of slower economic actively due to tariffs, that bodes well for the market.
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