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Inventory indexes rally as China’s president eases commerce fears

Shares jumped Tuesday after Chinese language President Xi Jinping mentioned Beijing would cut back tariffs on imported automobiles and enhance mental property safety, steps that might ease commerce tensions. Fb climbed as CEO Mark Zuckerberg testified earlier than the Senate in regards to the firm’s privateness scandal.

Xi’s proposals might assist the U.S. and China resolve their variations and avert a commerce dispute that slows down world commerce. The dialing again of tensions helped ship the worth of crude oil up three.three p.c.

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