U.S. stocks advanced on Monday at the onset of a heavy earnings week, while European shares inched higher as investors took heart from potential progress in U.S.-China trade talks and increasing geopolitical tensions sent oil prices higher.
Tech pulled Wall Street into the black as investors girded themselves for second-quarter results from major industrial and technology companies and looked forward to the U.S. Federal Reserve’s expected interest rate cut at the end of the month.
The South China Morning Post reported U.S. trade negotiators will likely visit China next week for their first face-to-face talk with Chinese officials since the G20 meeting, when Trump held off imposing a new round of tariffs on Chinese imports.
“The thing to watch with Chinese negotiations is not necessarily the day to day events,” said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.
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