Global stocks climb on muted trade hopes, dollar slips

 

NEW YORK (Reuters) – World equity markets rebounded on Friday from the previous day’s sharp fall, after U.S. President Donald Trump said complaints against China’s Huawei Technologies Co Ltd might be resolved within the framework of a Sino-U.S. trade deal.

Tensions remained high, with China accusing U.S. Secretary of State Mike Pompeo of fabricating rumors after he said Huawei’s chief executive was lying about the telecom network gear maker’s ties to the Chinese government.

On Thursday, Trump said a trade deal could resolve U.S. complaints against Huawei, but he also called the company “very dangerous.”

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Source: reuters.com May 24, 2019 / 8:19 AM