Markets rise on hopes China and US to cancel tariffs

Markets rose on Thursday.

The S&P 500 rose 0.3 percent, the STOXX Europe 600 rose 0.4 percent and the Nikkei 225 rose 0.1 percent.

Markets were boosted by a report that China and the US will cancel planned tariffs on each other’s products in stages.

The US 10-year Treasury yield rose to a three-month high of 1.924 percent on Thursday.

“Bond yields are up enormously,” he told MarketWatch. “I think that’s bullish and I think that suggests that the U.S. economy is doing better.”