U.S. Stock Market Closing Investors are Optimistic about U.S. -China Trade Relat

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      U.S. stocks closed higher Wednesday, but far below midday highs, as investors pulled back at the end of the day, even though trade relations between the United States and China were improving optimistically, and there were signs of reassurance in British politics.
In an interview with Reuters on Tuesday, U.S. President Trump said trade talks with China had been conducted by telephone and that more talks between U.S. and Chinese officials were possible. Traders say China has made its first major U.S. soybean purchase since the trade war ceasefire.
Trump also said he would intervene in the U.S. Justice Department's case against Huawei CFO if it helped to reach a trade agreement with China.
Investors expressed optimism about the latest news, although they were still nervous about market volatility from the current to the deadline of the March 1 trade agreement.
Ernesto Ramos, a global asset management executive at Mandi Bank, Canada, said, "Trump's remarks are a gesture of consultation... You want to see more data and factual support for the President's statement. But this way will make China think twice about its tough position.
"Trump's strong push is prompting China to make some concessions. This encourages the market.


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