4/1, 12:51 PM (Source: TeleTrader)
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Dow rises by more than 150 points in premarket

A shift to risk appetite in the markets on Monday was prompted by upbeat macroeconomic reports for China. Stocks on Wall Street rallied in premarket trade together with oil, which benefited from bets on an increase in demand. Precious metals were lower. Traders were waiting for the report on retail sales in the United States for last month together with results of regular surveys on manufacturing. Construction spending data were also on the slate. US Treasuries dropped, pushing yields higher.

The government in Beijing said today Vice Premier Liu He left for the United States to continue bilateral talks aimed at ending the trade war and to regulate relations in the areas of technology transfer and intellectual property. Officials from both countries have been persistently praising progress they said they made in the negotiations and they delayed planned increases to import tariffs.

Gold slipped 0.15% at 6:49 am ET to $1,290.26 per ounce. The euro was up 0.15% at $1.12346 and the pound gained 0.44% to reach $1.30949. The dollar rose 0.13% to ¥111.006. The Dow Jones Industrial index was up more than 150 points or 0.69%. The S&P 500 gained 0.62% before the opening bell and the Nasdaq rallied 0.9%.

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