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  • 4 months ago
Donald Trump just extended his trade war truce with China — and markets around the world are celebrating. From record highs in Japan and Australia to gains in Europe and oil prices edging up, investors are betting this 90-day pause could lead to a real deal. But the clock is ticking, and the stakes remain sky-high.
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00:00Global markets just lit up.
00:02And it all comes down to Donald Trump hitting the pause button on his trade war with China.
00:07Late Monday night, Trump extended the deadline for higher tariffs on Chinese goods to Nov. 10.
00:12China quickly matched, suspending its own extra tariffs for another 90 days.
00:17The result? Markets from Tokyo to Sydney soared.
00:21Japan's Nikkei jumped 2.5 percent to a record high, and Australia's ASX 200 hit its own peak, boosted further by an interest rate cut.
00:30Even Europe joined the party, with the UK's FTSE, Germany's DAX, and France's CAC all opening higher.
00:37Investors are betting this truce could pave the way for a real trade deal.
00:41And with tariffs as high as 245 percent still on the table, the stakes couldn't be bigger.
00:46Oil prices also edged up, while Wall Street now waits for U.S. inflation data to see if this rally can hold.
00:53For now, the world is breathing easier. But the clock on this 90-day countdown has already started ticking.
Comments
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  • iDriver Carshare4 months ago
    Never ever trust any communist or dictatorship regime
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