Stocks build on Monday gains

US/China Talks Finally Underway

A strong start to the week delivered new record highs in the US and that positive momentum is flowing back into Europe on Tuesday, with indices opening around half a percent higher.

The slew of positive vaccine/treatment news at the start of the week has got us off to a good start as investors grow increasingly optimistic that we could have something to celebrate as early as later this year. The Trump administration’s clear desire to see any solution fast-tracked through the FDA approval process is no doubt helping to boost morale.

Moreover, talks between the US and China trade teams is finally underway, despite the heightened tensions between the two countries. This is the one bright spot in an otherwise very strained relationship but both sides seem determined to make it work.

Both sides have good reason to make this work and it seems the delay will enable Trump to highlight the success of it both this week at the Republican Convention and heading into November’s election.

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.