Markets rose on Tuesday.
The S&P 500 rose 0.7 percent, the STOXX Europe 600 rose 1.0 percent and the Nikkei 225 rose 1.0 percent.
Stocks were boosted by news that face-to-face talks between US and Chinese trade negotiators would begin next week as well as stronger-than-expected earnings reports.
“Any incremental news on trade will be received well,” said Doug Foreman, chief investment officer at Kayne Anderson Rudnick.
Meanwhile, more than 18 percent of S&P 500 companies have posted quarterly results this earnings season. According to FactSet data, more than 78 percent of them have reported better-than-expected earnings.
In the UK, Boris Johnson was elected to lead the Conservative Party and become the next prime minister. Johnson has insisted that the UK must leave the EU by the 31 October deadline “come what may”, creating concerns that it would do so without a deal.
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