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Stocks Hold Gains on US-China Trade Optimism, Strong Start to Q4 Earnings Season

January 18
17:04 2019

Asia stocks test one-month highs on optimism that trade talks will bear fruit, with Japan leading the charge thanks to improved risk appetite and a weaker yen. Global oil prices jump after OPEC reports the biggest monthly drop in output in two years in December as it prepped for the start of 1.2 million in agreed production cuts in 2019. U.S. equity futures indicate a modestly stronger opening on Wall Street ahead of December manufacturing data and fourth quarter earnings from Schlumberger, Sun Trust Banks and State Street.

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