News / Business by Press Association 13/08/2019, 5:57 pm Send us a story Sign up to our Daily newsletter Markets pushed higher on Tuesday despite a number of global economic and political uncertainties, as the latest round of US tariffs on Chinese goods looked set to be delayed. Traders were slightly more bullish as it emerged that certain sanctions in President Donald Trump’s latest shot in the trade dispute would be held back until December rather than a previously announced September date. David Madden, market analyst at CMC Markets UK, said: “With worries about a recession brewing in Germany, political uncertainty in Italy and violent scenes in Hong Kong, the easing up of hostilities between the US and China has been a welcome change to the doom and gloom of the past few days.” The FTSE 100 closed 24.18 points, or 0.33%, higher at 7,250.9. The German Dax was also higher, climbing 0.6%, while the French Cac was up 0.99%. Meanwhile the pound was mixed, with another set of strong jobs data balanced against fears around a no-deal Brexit. Sterling fell 0.19% to 1.206 US dollars, but rose 0.18% on the euro to 1.079. Meanwhile the simmering down of trade… Read full this story
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