U.S. stocks opened higher on Tuesday, edging back toward record territory, as signs of more fiscal stimulus from China and some easing of last week’s tensions around Mexico buoyed investors’ appetite for risk.
Wall Street was set to edge back toward record territory on Tuesday, as signs of more fiscal stimulus from China and some easing of last week’s tensions around Mexico buoyed investors’ appetite for risk.
U.S. producer prices increased solidly for a second straight month in May, boosted by a surge in the cost of hotel accommodation and gains in a range of other services, pointing to a steady pickup in underlying inflation pressures.
U.S. stocks were set to edge back toward record territory on Tuesday, as signs of more fiscal stimulus from China and some easing of last week’s tensions around Mexico buoyed investors’ appetite for risk.
A host of U.S. consumer companies have warned that costs related to tariffs on goods imported from China would weigh on their results.
World shares rallied on Tuesday to hold near one-month highs, with German carmakers outperforming and Wall Street looking to extend gains after the United States stepped back from imposing tariffs on Mexico.
Foxconn, the world’s top contract electronics assembler, said it had enough capacity outside China to meet Apple’s demand in the American market if the need should arise for the iPhone maker to adjust its production lines due to the U.S.-China trade war.
Airbus and Boeing are battling for wide-body aircraft orders worth well over $10 billion as the clock ticks toward next week’s Paris Airshow, industry sources said.
European shares gained ground on Tuesday, with Germany’s carmakers outperforming, as risk appetite held firm after the United States stepped back from imposing tariffs on Mexico.
Zambia has no plans to seize the assets of Quantum Minerals Ltd and the copper producer intends to stay in the country despite the government’s move to wrest control of a rival miner, government and industry sources told Reuters.
China will respond firmly if the United States insists on escalating trade tensions, the foreign ministry said on Tuesday after U.S. President Donald Trump said further tariffs were ready to kick in if no deal was reached at June’s G20 summit.
Plans to merge carmakers Renault and Fiat Chrysler could re-emerge despite the breakdown of negotiations last week, France’s transport minister said on Tuesday, joining a chorus of French officials hoping the deal could be revived.
New Zealand on Tuesday said it had selected Lockheed Martin Corp’s C-130J Super Hercules as the preferred replacement for five aging C-130 Hercules military transport aircraft, a choice in line with its closest allies.
China’s foreign ministry said on Tuesday that the government would respond with firm resolve if the United States insists on escalating trade tensions.
Italy’s Industry Minister Luigi Di Maio said on Tuesday the government was in a final rush to orchestrate a rescue of trouble carrier Alitalia.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
