Date : Fri, October 11, 2019
Source : bloomberg.com
Author : Bloomberg News
Stocks rallied on Friday amid growing hopes that the U.S. and China can negotiate a trade truce as high-level talks progress into a second day. Treasuries edged higher after Thursday’s slump.
U.S. equity futures also rose as President Donald Trump said the first senior-level in-person talks since late July are going “really well” and will be continued on Friday. The Stoxx Europe 600 Index advanced a third day, with tech firms and banks pacing gains.
Equities rallied throughout Asia, with shares in Hong Kong getting an extra lift as protesters discussed scaling back vandalism ahead of planned protests this weekend. The pound edged higher following its biggest jump in seven months after U.K. and Irish leaders said that there may be a possible “pathway” for a Brexit deal.
Investors have turned cautiously positive after trade headlines roiled markets this week, with China and the U.S. having signaled progress in securing a partial deal for a temporary truce on tariffs. Trump said he will meet with China’s lead negotiator Vice Premier Liu He on Friday. Reports of a possible breakthrough on Brexit have also some way gone towards removing a persistent source of worry for markets.
“It is good news if we do have a deal -- it avoids the worst,” Thanos Vamvakidis, head of global G-10 foreign exchange strategy at Bank of America Merrill Lynch, told Bloomberg TV, speaking about the trade negotiations. “But we are not out of the woods yet.”
Elsewhere, crude extended gains after a reported explosion on an Iranian tanker reignited fears that unrest in the Middle East could threaten global supply. Iran said missiles that struck the tanker probably came from Saudi Arabia
Here are the main moves in markets:
Keyword : sterlinghousetrust.com, Sterling House Trust, SHT
Sterling House Trust is a private trust with a difference. It offers its members an exclusive and reliable platform to access unique opportunities and lifestyle services reserved for the select few. With its team of professional managers Sterling House Trust constantly scans the markets and collaborate with reliable global partners to create a portfolio of carefully curated programmes for its members. Members can access these programmes according to their individual needs, interest and financial capacity. Sterling House Trust is headquartered in Auckland, New Zealand, and has operations based in London, UK.
The Sterling House Trust platform was established with the objective of providing its members, secure access to opportunities across a range of global locations, sectors and services.
Our unique Platform was established within the framework of a trust so that the trust would have oversight and governance over the range of services and its quality. Member protection is a core principle and drive in all that we do. Our trustees ensures that the interests and quality of service provided by the Platform are always maintained at the highest standards.
The trust and its trustees provide robust oversight and is constantly on the move to identify and shortlist select opportunities in the international markets. Likewise, we apply the same stringent standards in identifying and selecting providers and professional partners to join our Platform.
The Sterling House Trust Platform utilises our international footfall and relationships to provide our members with access to a range of international opportunities via our global network which covers a broad range of sectors including:
Asset protection, international property ownership and management, alternative and direct ownership, estate planning, banking services, foreign exchange, card services, alternative investment and lifestyle services.
New Zealand Head Office
31/335 Lincoln Road,
14-16 Dowgate Hill,
England EC4R 2SU