Globe Advisor
 

May 27, 2019

 
 
Latest market wrap
 
The close: Banks lead rebound in TSX
  The close: Banks lead rebound in TSX
World equity markets rebounded on Friday from the previous day’s sharp fall, boosted after U.S. President Donald Trump said complaints against China’s Huawei Technologies might be resolved within the framework of a Sino-U.S. trade deal.

 
Tensions remained high, with China accusing U.S. Secretary of State Mike Pompeo of fabricating rumors after he said Huawei’s chief executive was lying about the telecom network gear maker’s ties to the Chinese government.

 
On Thursday, Trump said a trade deal could resolve U.S. complaints against Huawei, but also called the company “very dangerous.”

 
 
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