Thursday, September 28, 2023

Futuristic Hopes rise Regarding Progress in the Trade War

By ET Bureau - October 21, 2019 1 Mins Read

Wall Street, U.S, China, US-China Trade War, Boeing, Beijing, Donald Trump, Microsoft, SAP, Cloud, Intel Corp

Wall Street is all set to start the week on an upbeat note on Monday, as investors are hopeful for the progress in addressing the U.S.-China trade war. But fall in Boeing’s shares kept a lid on the early gains. Chinese Vice Premier Liu on Saturday confirmed that Beijing would work with Washington to address the core concerns, adding to the optimism from President Donald Trump’s comments on Friday, expecting a trade deal planned to be signed by mid-November.
Microsoft Corp rose by 0.8% in a premarket trading post the software group SAP signed a three-year cloud partnership with the company. Boeing Co was expected to extend a slide from the previous session as two brokerages downgraded the stock post leaked messages from a former test pilot posing safety issues. The shares of the aircraft maker fell by nearly 2%.
Investors are now hoping for another batch of reports after a strong start to the third-quarter earnings season last week, where big technology companies, including Microsoft Corp and Intel Corp, are all set to report their earnings this week.

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