Trump, Trade Talks
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Trump hails limited trade deal with China
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Chinese exports of rare earth minerals, which are vital to carmakers and other industries, and China's access to high-end technology from the U.S., including computer chips, are high on the agenda.
US stocks closed higher as investors wait for news from another day of China-US trade talks in London. Key inflation data are also ahead.
• Semtech has a price-to-sales (P/S) ratio of 3.4 against a figure of 3.0 for the S&P 500 • Additionally, the company's price-to-free cash flow (P/FCF) ratio is 52.6 compared to 20.5 for the S&P 500
The broad index is now less than 2% below its all-time high.
US stocks were little changed on Tuesday as renewed US-China trade talks entered their second day after an upbeat initial meeting. The Dow Jones Industrial Average was little chan
Canadian Prime Minister Mark Carney said he hopes to secure a commercial and security agreement soon with US President Donald Trump, though he tamped down expectations that a deal will be ready in time for the Group of Seven summit in a few days.
High-level trade talks between the U.S. and China wrapped up in London late Tuesday. But the negotiations are far from over.Representatives agreed to keep talking along the lines of the agreement reached in Geneva last month to temporarily lower tariffs.