Stocks rose on Wednesday as investors took heart from the rally in global markets, expectations of positive earnings reports of companies and the boom in commodity trading on Iran Mercantile Exchange
World stock markets have hit their highest level in 2019, as optimism builds that the US and China can calm their trade wars.
On Friday, China and the US announced plans to resume trade negotiations in Washington, fueling hopes that both countries were edging toward a deal.
Oil price was swept to a three-month high, with Brent crude close to $67 per barrel, after Donald Trump tweeted that progress was being made. However, Crude-oil futures fell early Wednesday amid fresh signs of rising US output.
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