Global markets started the week off on a higher note as trade-sensitive industrial and technology stocks lifted Wall Street after the United States and China agreed on a temporary trade truce. In saying that, the initial burst of enthusiasm faded somewhat as White House advisers squared off on their interpretation of what happened over the weekend.
Cooling trade tensions allayed fears of slowing global growth and boosted stock markets across Asia, with the ASX and NZX up strongly. This “risk on” rally also saw the Kiwi and Aussie dollar move to multi-month highs. Oil prices also surged ahead of a meeting this week by producer club OPEC that is expected to result in a supply cut.
Stock in Focus:Tourism Holdings (THL:NZX)
Tourism Holdings (THL) shares managed to climb back to the $5 mark yesterday after negotiations for a potential sale of some New Z...
