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Brazilian shares rise in NY with optimism over US-China deal



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Sabesp
Sabesp's papers jumped after the release of Q3 Balance Sheet (Image: Gustavo Kahil / Money Times)

Brazilian shares rose on Friday (15) in New York, a holiday in Brazil, following the global markets animated by the expectation of a trade agreement between United States and China.

White House economic adviser Larry Kudlow said late Thursday that the US and China are approaching a trade deal, citing what he called very constructive talks with Beijing.

The main stock indices of Wall Street closed in record levels, spurred by new optimism about a potential easing of trade tensions and large gains in equities by healthcare companies.

Wall Street
The S&P 500 saw its sixth straight week of appreciation, the biggest sequel of its kind in about two years (Image: REUTERS / Brendan McDermid)

The Dow Jones Index rose 0.8% to 28,004.89 points, while the S&P 500 advanced 0.77% to 3,120.46 points. The Nasdaq technology index gained 0.73% at 8,540.83 points.

The S&P 500 saw its sixth straight week of appreciation, its biggest sequel in about two years, while the Dow hit the 28,000 point barrier for the first time.

Germany Flag Markets Europe
The FTSEurofirst 300 index rose 0.33% to 1,590.42 points (Image: Reuters / Alex Domanski)

Europe

European stocks posted their sixth straight week of gains after record gains on Wall Street.

The FTSEurofirst 300 index rose 0.33% to 1,590.42 points, while the pan-European STOXX 600 index gained 0.4% to 406.04 points.

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“Europe as a whole is a story of more optimism about a trade agreement and the fact that Italy and the Spain, which in recent days were performing below, are doing better, ”said Andrea Cicione, TS Lombard's chief strategy officer.

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