On Wednesday, the 9th of January, 2019, the world stocks had extended their recent leg of surprising rally, amid a number of wounds in the world economy, as investors had been clinging on to the prospect of a comforting conclusion to the tariff war.
Citing statistics, the MSCI’s all country index inched 0.4 percent higher and secured gains for four straights days in a row. Asian stocks had met with a strong closure of the day, with Nikkei 225 and China’s blue-chip CSI 300 both gaining over 1 percent.
The tech-heavy South Korean KOSPI jolted 2 percent, despite wobbling worries over the chipmaking business. The European stocks had echoed Asia’s lead, with Pan European STOXX 600 posting a 0.6 percent gain, while Germany 30 and France’s CAC 40 both jumped nearly 1 percent.
Citing the extent of hortative energies on trade talk, a head of economic research at Daiwa Capital Market in London, Chris Scicluna, said, “The positive news around the trade talks is giving a boost to risk assets – it’s what the global economy needs to see.
There are also reports of new initiatives by China to boost spending and that’s desirable from the perspective of Chinese and global growth”.