Global stocks climbed on Tuesday after the US and China held “constructive” talks about their Phase One trade deal, and investors continued to look optimistically on positive developments around the creation and implementation of a coronavirus vaccine.
US and Chinese envoys held positive “Phase One Trade” talks over the phone on Tuesday morning and discussed co-coordinating their countries economic policies.
“Both sides had a constructive dialogue regarding stepping up macroeconomic policies coordination and the implementation of the phase one trade deal,” the Chinese government said in a statement.
The S&P 500 recorded a new high on Monday of 3431.28 on Monday, boosted by positive sentiment over a vaccine sentiment. Late on Sunday the FDA issued an “emergency use authorization” for the use of blood plasma to treat COVID-19.