The S&P 500 is closing in on its all-time high, and is likely to sail past it, as long as the Fed promises lower interest rates and the trade war calms down.Market Insiderread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
A Bloomberg News report Tuesday morning said the White House had looked at such a move in February.Marketsread more
President Donald Trump on Tuesday announced that he will not nominate acting Defense Secretary Patrick Shanahan to hold the position in a permanent capacity. Army Secretary...Politicsread more
Stocks surged after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit.US Marketsread more
The move is part of a larger trend that saw the survey's 179 participants move away from risk and toward positions that reflect fear of a coming economic slowdown spurred by a...Marketsread more
Democratic frontrunner Joe Biden on Monday appealed to a billionaire Republican donor for fundraising help in his presidential campaign. But the financier, Trump-supporting...Politicsread more
Facebook and other groups are behind a new programming language for working with the Libra blockchain.Technologyread more
Tesla investors are regaining confidence in a quieter Elon Musk — even as they question the company's ability to hit its production goals for the second quarter.Autosread more
Long-time blockchain technologists say Facebook's Libra digital currency will introduce billions to cryptocurrencies, but the company's problems with trust and privacy remain...Technologyread more
Valisure, an online pharmacy company, told the FDA that high levels of dimethylformamide were found in valsartan, a drug produced by Swiss drugmaker Novartis and other...Health and Scienceread more
(Updates to late afternoon, adds commentary)
* Global index rises after U.S. ditches Mexico tariffs
* Mexican peso on track for biggest daily gain since July 2018
* U.S. Treasury yields rise as investors turn to risk assets
NEW YORK, June 10 (Reuters) - Equities around the world rose on Monday while U.S. Treasury prices fell as risk assets were in demand after the United States shelved plans to impose tariffs on Mexico, easing worries the global economy would face another trade war.
The U.S. dollar gained against a basket of major currencies while the Mexican peso was on track for its biggest one-day percentage gain against the dollar since July 2018.
The U.S.-Mexico trade and migration deal also boosted emerging market stocks and sent U.S. government bond yields higher as investors favored riskier assets.
"There's a nice follow through on last week's optimism that global growth is likely to continue with trade tensions with Mexico backing off. There's clearly a growth bias to the tilt of today's market," said Carol Schleif, deputy chief investment officer at Abbot Downing in Minneapolis.
U.S. stocks were also boosted by a United Technologies Corp agreement to combine its aerospace business with defense contractor Raytheon Co to create a new company worth about $121 billion.
The Dow Jones Industrial Average rose 145.54 points, or 0.56%, to 26,129.48, the S&P 500 gained 20.54 points, or 0.71%, to 2,893.88 and the Nasdaq Composite added 105.65 points, or 1.36%, to 7,847.75.
The pan-European STOXX 600 index rose 0.21% and MSCI's gauge of stocks across the globe gained 0.67%.
Emerging market stocks rose 1.51%.
MEXICAN PESO GAINS
Benchmark 10-year notes were last down 17/32 in price to yield 2.1414%, compared with 2.084% late on Friday.
With the Mexico dispute seemingly resolved, investors will now focus on whether U.S. President Donald Trump can achieve agreement with China. Trump said on Monday that he was ready to impose another round of tariffs on Chinese imports if he does not reach a trade deal with China's president at a Group of 20 summit later this month.
Oil prices edged lower on Monday in volatile trading as major producers Saudi Arabia and Russia had yet to agree on extending an output-cutting deal and U.S.-China trade tensions continued to threaten demand for crude.
Brent crude futures settled down 1.6 percent, or $1.00, at $62.29 a barrel. U.S. West Texas Intermediate (WTI) crude last traded down 1.3%, or 71 cents, at $53.28 a barrel.
In currency trading, the dollar index rose 0.23%, with the euro down 0.15% at $1.1314.
The euro pulled back after sources said European Central Bank policymakers were open to cutting interest rates should economic growth weaken.
The U.S. dollar was down 2.3% against the Mexican Peso, which was at its highest level since May 31.
China's yuan slipped to its weakest this year after the country's imports fell the most in nearly three years and as talks to end the Sino-U.S. dispute remained deadlocked.
Spot gold dropped 1.0% to $1,327.21 an ounce, after closing at its highest level since February on Friday. (Additional reporting by Kate Duguid, Karen Brettell and Stephanie Kelly in New York, Tom Arnold in London, Hideyuki Sano in Tokyo and Noah Sin in Hong Kong Editing by Dan Grebler and Steve Orlofsky)