{"id":400249,"date":"2019-03-19T04:46:46","date_gmt":"2019-03-19T03:46:46","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/prison-planet-com-global-stocks-hit-5-month-high-ignore-reports-of-trump-xi-meeting-delay-737-max-subpoena\/"},"modified":"2019-03-19T04:46:46","modified_gmt":"2019-03-19T03:46:46","slug":"prison-planet-com-global-stocks-hit-5-month-high-ignore-reports-of-trump-xi-meeting-delay-737-max-subpoena","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/prison-planet-com-global-stocks-hit-5-month-high-ignore-reports-of-trump-xi-meeting-delay-737-max-subpoena\/","title":{"rendered":"Prison Planet.com \u00bb Global Stocks Hit 5 Month High, Ignore Reports Of Trump-Xi Meeting Delay, 737 MAX Subpoena"},"content":{"rendered":"
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Zero Hedge<\/strong><\/a>
March 18, 2019<\/p>\n

Global stocks rose to the highest level in five months and the dollar dipped on Monday as traders ignored a SCMP report that the April meeting between presidents Xi and Trump had been delayed to June, and glossed over the latest slide in Boeing stock following a WSJ report of a grand jury subpoena into the 737 MAX\u2019s development, as they once again priced in the dovish stance from the Fed at its policy meeting this week, a process which has been going on since December.<\/strong><\/p>\n

MSCI\u2019s World index was up 0.3% on the day, sitting at a five-month high, hitting its highest since October 10.<\/p>\n

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European markets were broadly in the green, led by miners and banks, helped by a jump in shares in German lenders Deutsche Bank and Commerzbank after they confirmed over the weekend they were in talks to merge, a process which is far from certain will end with a merger despite the German government\u2019s backing. The STOXX Europe 600 index rose 0.3%, hitting a five-month high, before trimming gains in half.<\/p>\n

Britain\u2019s FTSE 100 outperformed its European peers with a 0.3 percent gain, the main beneficiary from the surge in base metal prices with heavyweight miners all sitting comfortably at the top of the index (Rio Tinto +2.2%, Anglo American +2.1%, Antofagasta +1.8%, Glencore +1.7%); gains were boosted by prospects of parliament voting for a third time on Prime Minister Theresa May\u2019s Brexit plan after ruling out a near-term no-deal exit.<\/p>\n

European material names initially outperformed but were later overtaken by financial names ahead of a plethora of central bank rate decision including FOMC and BOE. Financial names may also feel support from the Deutschebank (+3.9%)\/Commerzbank (+6.6%) saga, with the latest reports confirming merger talks between the two banks after the German government approved the tie-up, although, German union Verdi warned that merger could put up to 30k jobs…<\/strong><\/p>\n<\/div>\n

Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Zero HedgeMarch 18, 2019 Global stocks rose to the highest level in five months and the dollar dipped on Monday as traders ignored a SCMP report that the April meeting between presidents Xi and Trump had been delayed to June, and glossed over the latest slide in Boeing stock following a WSJ report of a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-400249","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/400249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=400249"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/400249\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=400249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=400249"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=400249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}