Bloomberg Stocks surged on Tuesday following conciliatory remarks from Chinese President Xi Jinping aimed at releasing some pressure from a trade dispute between the world’s biggest economies. Treasuries fell with the dollar. All major US equity indexes were up more than 1.4 percent after Xi said Cold War and zero-sum mentalities were “out of place,” and backed free trade and ...

Bloomberg The krona is the worst-performing major currency this year. That may be about to change. Sweden’s krona should recover from this month’s eight-year low of 10.35 per euro as factors that have weighed, such as weaker-than-forecast inflation, are either already priced in or will improve, according to SEB AB. The bank sees it appreciating to 9.80 per euro by ...

Bloomberg The head of China’s largest natural gas importer believes the country’s energy ties with the US are set to deepen, despite trade conflict between the world’s two largest economies that has roiled financial markets. “There is more room for cooperation than confrontation between China and the US,” China National Petroleum Corp. Chairman Wang Yilin said in an interview with ...