share: European share benchmarks opened sharply higher, with Germany's DAX - the most sensitive to China and trade war fears - leading the way with a 2.5 per cent rise to its highest level since November 14, and Wall Street too was set for a stronger session, according to Nine News Australia. The gains came after China and the United States agreed at the weekend to halt additional tariffs on each other. To improve your experience update it here News World China-US trade sends world stocks surging9 00pm Dec 3, 2018Facebook Tweet MailA truce between US and Chinese leaders on trade tariffs has provided a boost to global markets, fuelling a nearly one per cent surge on world stocks and pushing emerging currencies higher against the dollar. The deal prevents their trade war escalating as the two sides try to bridge differences with fresh talks aimed at reaching a deal within 90 days. We have a deal. US President Donald Trump also said China has agreed to reduce and remove tariffs on cars coming into China from the US Currently the tariff is 40 per cent . That helped boost European autos more than 4 per cent.
(news.financializer.com). As
reported in the news.
Tagged under share, trade topics.