Overnight on Wall Street, stocks jumped as the major indexes had their second-best day of 2019, all rising more than 2% each on the day.
The moves stateside came after U.S. Federal Reserve ChairmanHe said the central bank will
He noted, however, the Fed does not know "how or when" global trade issues will be resolved. "We are closely monitoring the implications of these developments for the U.S. economic outlook," he added.tool indicated about a 90% chance of a September rate cut. Expectations for a second rate cut in December were also above 80%., which tracks the greenback against a basket of its peers, was at 97.072 after climbing above 97.2 on Tuesday.
Investors also cheered comments made by the Chinese Commerce Ministry, which said in a post that the "differences and frictions between the two sides", according to a Google translation. Market watchers took those remarks as a sign of possible easing of trade tensions between Beijing and Washington after each country hiked tariffs on billions of dollars worth of each other's goods in May.On the U.S.
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