Global Markets: Stock markets stronger on positive trade sentiments

By MarketsFarm

WINNIPEG, Sept. 13 (MarketsFarm News) – The following is a glance at the news moving markets in Canada and globally.

– United States stock markets are expected to open higher for the third consecutive day, due to a generally optimistic trade sentiment between the U.S. and China. The Chinese government has said Chinese companies will buy a small amount of U.S. farm products, including pork and soybeans, exempting these goods from subsequent tariffs.

– Today, technology companies will go before a panel in the U.S. House of Representatives in a search for information regarding anti-competitive behaviour. In July, the U.S. Justice Department said it is investigating “whether and how large tech companies in search, social media, and some retail services online are engaging in anti-competitive behavior,” according to Reuters. Amazon.com Inc., Facebook Inc., Apple Inc., and Alphabet Inc.’s Google are involved in the investigation.

– Amid a controversial break in Parliament, United Kingdom Prime Minister Boris Johnson will meet with European Commission President Jean-Claude Juncker to discuss Brexit happenings. Ahead of the Oct. 31 deadline, few lower-level negotiations have been successful. British Parliament has passed a law that Johnson must seek an extension to the deadline if no deal is reached by mid-October, in order to avoid potential economic calamity.

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