Stocks, dollar rise as U.S.-China trade rhetoric softens

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A global gauge of equities edged higher on Monday and the dollar rebounded after U.S. President Donald Trump said Chinese officials had contacted Washington about resuming trade negotiations.

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NEW YORK (Reuters) – A global gauge of equities edged higher on Monday and the dollar rebounded after U.S. President Donald Trump said Chinese officials had contacted Washington about resuming trade negotiations.

Traders react at the opening of the markets on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 26, 2019. REUTERS/Andrew Kelly

Benchmark 10-year Treasury notes last fell 4/32 in price to yield 1.5401%, from 1.527% late on Friday. The yield curve between two-year and 10-year Treasuries inverted as an upcoming auction of two-year notes on Tuesday gave a further boost to shorter-dated yields.

The safe-haven Japanese yen fell 0.7% to 106.09 against the dollar after having rallied to a seven-month high.

Spot gold rose 0.15% to $1,528.35 an ounce.

Reporting by April Joyner; Additional reporting by Kate Duguid and Chuck Mikolajczak in New York, Akanksha Rana in Bangalore, and Tommy Wilkes and Dhara Ranasinghe in London; Editing by Steve Orlofsky, Leslie Adler and Dan Grebler


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A global gauge of equities edged higher on Monday and the dollar rebounded after U.S. President Donald Trump said Chinese officials had contacted Washington about resuming trade negotiations.

Source: {authorlink}

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