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Podcast: Bloomberg Daybreak: Europe Edition
Episode: UPDATE: Major US-China Tariff Cuts Propel Stocks And Dollar Higher
Description: Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) The US and China will temporarily lower tariffs on each other’s products, according to a joint statement, in a move to cool trade tensions and give the world’s two largest economies three more months to resolve their differences.(2) Investors rushed back into stocks and risk assets, powering a 3% surge in S&P 500 futures, after China and the US agreed to cut tariffs and de-escalate a trade war that had sown turmoil in global markets. Treasuries and gold tumbled.<...