USA stocks moved broadly higher on a holiday-shortened day as investors put the market on track for its third straight record high close of the week. Verizon rose 2.6%, Cisco Systems gained 2% and Philip Morris International added 2.3%. Brent crude, used to price global oils, lost 3 cents to US$65.03 per barrel in London. The Hang Seng in Hong Kong declined 0.1% to 28,855.14, while South Korea's Kospi lost 1.2% to 2,096.02.
However, on the day, White House economic adviser Peter Navarro said to CNBC that U.S. Forecasters warned, however, the two sides still face the same differences that caused talks to break down in May.
Stocks had rallied to push the S&P 500 to a record on Monday in the wake of the US trade truce with China, but stocks finished well off their highs as investors questioned the lack of details in the agreement.
The Dow Jones Industrial Average rose 45.64 points, or 0.17 per cent, at the open to 26,832.32.
"The S&P 500 index SPX, +0.23% is on track for its best June return, with a gain of about 6.5%, since 1955 when the broad-market benchmark rose 8.2%, while the Nasdaq Composite Index COMP, +0.17% was on track for a 6.9% return in June, which would represent its best June since a 16.6% gain back in 2000".
The benchmark USA 10-year Treasury yields US10YT=RR slipped to their lowest since November 2016, while the 10-year United Kingdom gilts yield fell below the Bank of England's main policy rate for the first time in a decade.
Traders are waiting to see what will come from the latest truce in the U.S.
Another set of data showed the USA trade deficit jumped to a five-month high in May as imports of goods increased and new orders for US -made goods fell for a second straight month May while shipments barely rose. Shares fell in Taiwan and most Southeast Asian markets.
Shares of US -listed gold miners gained as prices of the precious metal rose on safe-haven bets.
Donald Trump suspends Huawei sanctions
Trump said the US and China agreed to resume trade negotiations but did not specify a date or particular issues to be discussed. Financial markets, which have been rattled by the almost year-long trade war , are likely to cheer the truce.
Sony Changes Their July PS Plus Games at the Last Minute
While it is a controversial game in it's own right, many would probably agree that Detroit: Become Human is a better value. We're glad to see the July PS+ line-up has been beefed up with the inclusiong of Detroit: Become Human Deluxe Edition.
Safaricom should hunt for its next CEO in Africa
Those who knew Collymore praised the drive that saw him rise to the top job at Safaricom with just a high school certificate. The company's board has confirmed it will soon announce management succession plans.
The Dow Jones Industrial Average and S&P 500 inched higher last week; posting the biggest June returns since 1938.
DJIA, advanced 69 points, or 0.3%, to end around 26,787.
The financial sector.SPSY was flat, while bank stocks.SPXBK, which tend to benefit from a higher interest rate environment, fell 0.37%.
Wall Street stocks rallied early Monday, joining most global exchanges in the euphoria after the U.S. and China agreed to a trade truce over the weekend.
The price of gold rose $18.70, to $1,408 per ounce, silver gained 5 cents, to $15.15 per ounce, and copper dropped 2 cents, to $2.66 per pound.
On Wall Street, stocks shook off an early wobble to eke out small gains Tuesday, nudging the S&P 500 index to an all-time high for the second straight day.
Technology and health care led the way lower in the early going Tuesday. "The S&P 500 last week notched its first record close since April 30, while the Dow is off less than 1% short of its October 3 all-time closing peak", adds the website. -China trade war. They're also looking ahead to a key government jobs report due out Friday, among other potential market-moving developments in the next few weeks. It fell $2.84 to settle at $56.25 a barrel.
Bond prices rose. The yield on the 10-year Treasury fell to 2.01%.