Investors sold off safer assets and bought up stocks following the signal of a respite in the drawn-out trade war between the world’s two biggest economies. Read more: Tariffs hurting US manufacturers, says Trump’s ex-economic adviser by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeStuff AnsweredBest Mattress Deals for Seniors 2020Stuff AnsweredUnderstand Solar$0 Down Solar in Scottsdale. How Much Can You Save? Try Our Free Solar Calculator Now.Understand SolarLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthGraber BlindsWindow Treatments So Sophisticated, It’s Hard to Believe They’re so AffordableGraber BlindsBill CruncherArizona Drivers With No DUI’s Getting A Pay Day This Month (Check If You Qualify)Bill CruncherBest Selling Grills | Search AdsTraeger Blaze & American Grills On SaleBest Selling Grills | Search AdsTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmSenior Cars | Search AdsThe Best SUVs for Seniors (The Price Might Surprise You)Senior Cars | Search AdsPsoriatic Arthritis | Search AdsWhat Is Psoriatic Arthritis? See Signs (Some Symptoms May Surprise)Psoriatic Arthritis | Search Ads The yields on 10-year US government Treasuries rose 5.7 basis points (0.057 percentage points) to 1.706 per cent. Yields move inversely to prices. The Japanese yen, a famous “safe haven” asset, fell 1.5 per cent against the dollar so $1 bought ¥106.69. The Trump administration has pulled back from slapping tariffs on certain products from China such as laptops and mobile phones, providing relief for jittery global investors. “Certain products are being removed from the tariff list based on health, safety, national security and other factors and will not face additional tariffs of 10 percent,” it said. US pulls back from applying fresh tariffs to Chinese tech goods Read more: China hits back after US labels rival a currency manipulator Yet the US trade representative’s office said today in a statement that tariffs would be delayed until mid-December for products such as “cell phones, laptop computers, video game consoles, certain toys, computer monitors, and certain items of footwear and clothing”. European stock markets were dragged out of the red, where they had languished for most of the day. Germany’s Dax index rose 0.8 per cent, the FTSE 100 climbed 0.5 per cent, and the pan-European Euronext 100 rose 0.9 per cent. “The consumer facing piece of the tariff exemptions boosted the tech sector, specially companies like Apple which rose 4.75 percent after the news,” said Alfonso Esparza, senior market analyst at foreign exchange firm Oanda. Neil Wilson, chief market analyst at trading website Markets.com, said Trump had acted “to grease the wheels of this market”. whatsapp “I buy the argument that Trump didn’t like the way markets have turned and thought he should do something about it,” he said. Tuesday 13 August 2019 3:37 pm whatsapp Share “It has certainly has complicated things for the Fed [the US central bank], but ultimately it just looks like it was an easy win for Trump.” NEW YORK, NY – FEBRUARY 06: Traders work on the floor of the New York Stock Exchange (NYSE) on February 6, 2018 in New York City. Following Monday’s over 1000 point drop, the Dow Jones Industrial Average closed up over 500 points. (Photo by Spencer Platt/Getty Images) At the start of the month the US announced it would apply 10 per cent tariffs to $300bn of Chinese goods, meaning nearly all imports from China are levied following a ramping up of tariffs in May. More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comConnecticut man dies after crashing Harley into live bearnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com Harry Robertson The announcement sent US stocks rocketing after they opened lower. The tech-heavy Nasdaq index rose 2.5 per cent shortly after opening and the Dow Jones industrial average and S&P 500 both climbed 1.9 per cent.