Global Markets Rally Amid Trade Talk Hopes
Global stocks see an uptick as trade negotiations between the U.S. and key partners offer hope. The dollar, however, is experiencing its worst first-half performance in decades. Ahead of new talks, Canada halts its digital services tax targeting U.S. tech firms, while U.S. Treasury warns of potential tariff reinstatement.
Global stocks rose on Monday, fueled by optimism surrounding trade negotiations between the U.S. and key international partners. However, the dollar dropped, tracking its worst first-half performance in over 50 years.
Canada averted diplomatic friction by pausing its digital services tax aimed at U.S. tech firms, just hours before its implementation. This move seeks to enhance trade discussions with Washington, where Prime Minister Mark Carney and President Donald Trump aim to finalize a deal by July 21.
Wall Street showed positive momentum as the Dow, S&P 500, and Nasdaq all reported modest gains. Amidst tariff discussions and anticipation of potential rate cuts by the Fed, investors remain cautiously optimistic, eyeing upcoming labor market data as a key indicator.
(With inputs from agencies.)
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