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Seven days: 11 January 2019

Seven days: 11 January 2019

Trade hope

Global stocks and the price of Brent Crude rallied on the prospect of a more permanent US-China trade deal, as talks between the country’s delegations were extended to a third day. Oil rose above $59 a barrel for the first time in three weeks, with Hong Kong stocks the best performers in Asia, hitting a four-week high on the third day of talks. Hopes were lifted after President Trump tweeted: “Talks with China are going very well!”, while slowing global growth has also put pressure on both sides to reach an agreement.

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