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Global Markets: Stocks head higher on hopes of thawing trade tensions

Reuters  |  LONDON 

By Kit ReesLONDON (Reuters) - Prospects of a thaw in U.S.-China trade tensions supported global stocks on Monday, as U.S. President Donald Trump pledged to help ZTE Corp "get back into business, fast" after a U.S. ban crippled the Chinese technology company, while oil prices recovered some lost ground.Trump's comments on Sunday came ahead of a second round of trade talks between U.S. and Chinese officials this week to resolve an escalating trade dispute. China had said last week its stance in the negotiations would not change.The MSCI world equity index, which tracks shares in 47 countries, ...

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First Published: Mon, May 14 2018. 16:48 IST
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