Funding & Business
Stock Investors Expect Rally as Europe Clinches US Trade Deal
Investors expect automakers and luxury goods makers to lead a relief rally in European stocks when the market reopens on Monday, after the US and European Union agreed to a trade deal.
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South Korean President Lee Jae Myung said he doesn’t see the need to stick to a proposal that would have expanded the pool of stock investors subject to capital gains tax.
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Ben Powell of BlackRock Investment Institute says the advice is to “stay bullish” on US equities, particularly the American “AI mega forces.” He also tells Bloomberg Television that the Federal Reserve “will start cutting probably next week.”
(Source: Bloomberg)
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China’s zinc producers are pushing for better supply terms from overseas miners as they benefit from smelter closures elsewhere in the world.
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