Live Stock Market Updates During the Coronavirus Pandemic

Live Stock Market Updates During the Coronavirus Pandemic

Markets rise after Trump’s reassurance that China trade deal is safe.

Global markets rose on Tuesday, following President Trump’s reaffirmation of the trade war truce between the United States and China after a top adviser’s comments threw it in doubt.

European markets rose strongly in morning trading after a generally positive day in Asia. Futures markets were predicting that Wall Street would open less than 1 percent higher later in the trading day.

Prices for U.S. Treasury bonds were lower, in another sign of improved investor confidence.

The trading day began on a more volatile note. On Monday evening in the United States, Peter Navarro, Mr. Trump’s trade adviser, said “it’s over” when interviewed on Fox News and asked about a trade war pact reached between the United States and China in January. The pact eased trade tensions between the two countries but has since become a topic of investor concern. China pledged to increase purchases of American agricultural products and other goods under the pact, but its struggles with the coronavirus put those promises into doubt.

Mr. Trump shortly after came out to confirm that the pact was still in force. “The China Trade Deal is fully intact,” Mr. Trump wrote on Twitter. “Hopefully they will continue to live up to the terms of the Agreement!”

Markets were later helped by initial surveys of corporate purchasing managers showing better-than-expected results for June in Britain and Europe.

Masayoshi Son, the billionaire who controls the investment giant SoftBank, got one step closer to offloading his stake in the long-troubled wireless carrier Sprint.

Months after Sprint closed its merger with T-Mobile in April, Mr. Son’s company announced its intention to sell its stake in the newly combined business. T-Mobile said on Monday that it would help sell nearly 200 million shares of Sprint held by SoftBank, valued at about $20 billion.

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