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US stocks open higher amid trade optimism between US and China

2019-06-24 02:35 pm | Resource: News | No Views : 73

US stocks open higher amid trade optimism between US and China

US stocks opened gains on Monday in the hope that the United States and China would reach an agreement to end their trade dispute. The two countries agreed to resume negotiations, and the presidents of the two countries, Donald Trump and Xi Jinping, are due to meet later this week at the G20 summit in Osaka.

Meanwhile, investors also watched mounting tensions between the United States and Iran. Washington is expected to announce a new set of sanctions against Tehran in response to Iran dropping a US drone that it claims has entered its airspace.

Trump: The United States has no Nih to protect the Strait of Hormuz

US President Donald Trump on Monday asked why the United States was protecting shipping lines in the Strait of Hormuz to other countries without any compensation. The United States should not be there because it has just become the world's largest energy producer and its demand for Iran is "very simple," he said.

China has 91% of its oil from the Gulf, Japan 62%, and many other countries, so why protect the shipping lines of other countries (many years) for zero compensation All these countries must protect themselves ships that have always been A dangerous trip, we do not need to be there, where the United States (by far) is the world's largest energy producer! "The US request for Iran is very simple - no nuclear weapons and no more terrorism!

The former US president said he would unveil new sanctions against Iran later in the day. US special envoy to Iran Brian Hawke said later that Washington was ready to restore ties with Tehran and possibly lift sanctions if a new deal was reached with the Islamic Republic.

US Stocks Open
  • The Dow Jones Industrial Average rose 0.22% at 15:32 CET.
  • The Nasdaq 100 rose 0.18% at 15:32 CET. Western Digital shares gained, gaining 1.34% at 15:32 CET.
  • The S & P 500 rose 0.09% at 15:32 CET.

The euro rose 0.12% against the dollar to go at 1.1383 at 15:33 CET.

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