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Stocks rebound as trade-deal hopes outweigh a 'smorgasbord of risks' across Argentina, Italy, Hong Kong, and Singapore

on 8/13/2019
  • Stocks rebounded on Tuesday as hopes of a trade deal offset rising political fears in Argentina and Italy, ongoing protests in Hong Kong, and a growth warning from Singapore.
  • China plans to hold phone talks with the US before the next round of tariffs take effect in September, reviving the prospect of an end to their year-long trade war.
  • "You can take your pick from the smorgasbord of risks facing the world right now," said Neil Wilson, chief market analyst for
  • View Markets Insider's homepage for more stories.
  • US stocks opened higher after China said it would hold phone talks with the US before the next round of tariffs take effect. The Dow Jones Industrial Average and S&P 500 jumped 1.3%, while the Nasdaq climbed 1.7%.
  • European equities have rebounded. Germany's DAX rose 0.6%, Britain's FTSE 100 rose 0.3%, and the Euro Stoxx 50 climbed 0.9%.
  • Asian markets slumped with China's Shanghai Composite down 0.6%, Hong Kong's Hang Seng down 2.1%, and Japan's Nikkei down 1.1%.
  • Gold gave up earlier gains, retreating to $1,508.

Full "The Business Insider: The Money Game" article

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