Wednesday, 11 April 2018

Stocks rise as Xi gives markets “shot of adrenaline”

Markets rose on Tuesday.

The S&P 500 surged 1.7 percent, the STOXX Europe 600 rose 0.8 percent and the Nikkei 225 rose 0.5 percent.

Markets were encouraged by Chinese President Xi Jinping's announcement at the Boao Forum that he plans to give foreign companies greater access to financial and manufacturing sectors.

Chad Morganlander, senior portfolio manager at Washington Crossing Advisors, said that Xi's comment was “a shot of adrenaline”.

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