European shares rose to six-week highs on Wednesday, as China eased trade worrie...
In the latest sign that tensions with the United States could be cooling, China’s finance ministry said 16 types of U.S. goods would be exempted from additional retaliatory tariffs effective Sept. 17.
Markets now await a response to China’s move from Washington after months of tit for tat moves that have hurt global growth and spurred a handful of stock market sell-offs. However, analysts were still far from predicting that a U.S.-China trade deal could be struck this year. All eyes are now on the ECB’s monetary policy meeting on Thursday, where it is widely expected to cut interest rates and restart an asset purchase program at a time when the euro zone’s main economy - Germany - is slipping toward recession.
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