Stocks rise on trade optimism, Dollar limps into weekend

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Global equity markets look set to conclude the week on a positive note as renewed hopes for fresh US-China trade negotiations support risk appetite.

Market sentiment was also boosted by the Central Bank of the Republic of Turkey’s (CBRT) bold decision to hike interest rates which empowered the Lira and emerging markets. With US-China trade tensions easing and concerns revolving around emerging market risk receding, a risk-on mood could rollover into the new trading week.

Dollar bulls were missing in action today, and for the most part of the trading week, after a string of disappointing… Read More

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