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International Business Times
International Business Times
Business

Stocks Rise Further On Growing Trade Deal Hopes

Trade Donald Trump Jerome Powell US Federal Reserve China United States
Donald Trump said he would announce a 'a major trade deal' with 'a big, and highly respected, country' later in the day (Credit: AFP)

Asian stocks extended their rally Thursday on hopes for an easing of trade war tensions as China and the United States prepare for weekend talks and after Donald Trump flagged a "major trade deal" later in the day.

After the fireworks sparked by the US president's "Liberation Day" on April 2, markets have enjoyed a period of calm in recent weeks on optimism that countries will reach agreements with Washington to avoid his potentially damaging tariffs.

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