Stocks Climb in Risk-On Day While Bonds Decline: Markets Wrap
- Dimon says ‘storm clouds’ over the US economy may dissipate
- Euro gains as Lagarde says ECB likely to end negative rates
This article is for subscribers only.
Stocks rose after President Joe Biden signaled he’d reconsider China tariffs imposed by the Trump administration. The dollar and bonds fell.
Big banks led gains in the S&P 500 after JPMorgan Chase & Co.’s chief Jamie Dimon said “storm clouds” over the US economy may dissipate. The euro climbed after European Central Bank Chief Christine Lagarde said higher interest rates are coming in July.