Asian markets rise after Wall Street hits record high as fears subside surrounding the trade dispute between China and the US
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Asian markets have followed Wall Street higher today, as investor fears over a full-blown trade war between China and the US subsided.
The Dow Jones and S&P 500 hit all-time highs yesterday as fears surrounding the US-China trade standoff subsided. The tariffs that were announced by both sides during the week were deemed to be not as harsh as originally suspected.
The US in particular showed restraint, but that was partially so the Trump administration would have more ammunition should they feel it is required down the line. Now that the latest series of tariffs are out of the way, investors fell back into their bullish routine. Stock markets in Asia overnight were dragged higher by the positive move on Wall Street.
European Opening Calls:#FTSE 7394 +0.36%#DAX 12380 +0.44%#CAC 5468 +0.30%#MIB 21493 +0.49%#IBEX 9634 +0.52%