Market sentiment remains delicate after President Donald Trump’s recent pronouncements on trade and as investors try to sustain optimism for a resolution. U.S. economic growth slowed in the second quarter by more than initially reported, on weaker readings for categories including exports and inventories. Still, consumer spending remained robust, topping forecasts.
The S&P 500 Index increased 1.3% as of 12:31 p.m. New York time. The Stoxx Europe 600 Index increased 1% to near a four-week high. The U.K.’s FTSE 100 Index rose 1%. The MSCI Emerging Market Index increased 0.5%. The yield on 10-year Treasuries gained three basis points to 1.51%. The yield on two-year Treasuries advanced two basis points to 1.52%. Germany’s 10-year yield increased two basis points to -0.69%. Britain’s 10-year yield fell one basis point to 0.436%. West Texas Intermediate crude increased 1.6% to $56.66 a barrel. Gold fell 0.4% to $1,533.09 an ounce.
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