Stocks Reverse Losses on Trade Talks; Yields Rise: Markets Wrap
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U.S., China to meet later this month; Treasury yields tick up
- Dollar slips; China’s offshore and onshore yuan gains
Asian stocks largely reversed losses and U.S. equity futures climbed with Treasury yields, after China said its vice commerce minister will visit America for trade talks in late August. The dollar slipped and the yuan climbed.
Equities in Hong Kong and China recouped most of their decline, while shares in Japan pared losses. The dollar, which has seen recent strength on its role of a haven, fell for the first time in six days. Crude oil steadied after slipping below $65 a barrel following a report that showed an increase in American stockpiles. The Australian dollar jumped as hopes on trade outweighed a decline in June employment. Emerging-market shares steadied, as the intraday drop from their January high reached 20 percent…
Stocks Reverse Losses on Trade Talks; Yields Rise: Markets Wrap
