SINGAPORE (Jan 14): Equity markets have been rallying on the prospect that the trade-related cloud hanging over the global economy could be lifting.
The Standard & Poor’s 500 index is up more than 5% since Jan 10, buoyed by last week’s strong US jobs figures and the sense of momentum in talks between US and Chinese negotiators. The two countries can reach a deal they “can live with”, US Commerce Secretary Wilbur Ross told CNBC on Jan 7.
His boss seems equally optimistic:
