Stocks, euro rise as shots fired in U.S.-China trade war

Traders work on the floor of the NYSE in New York

US: Wall St opens higher on hopes of trade concessions

The broad advance in stocks suggests that traders anticipate that the trade spat won't last long enough or escalate badly enough to cause serious damage to either country's economy.

The Dow Jones Industrial Average gained 181.92 points (0.75 per cent) to end at 24,356.74.

Private US firms added 177,000 employees last month, according to payrolls firm ADP, a bit below the pace in May but a level that was still seen as solid. The S&P 500 was up 24.75 points, or 0.90 per cent, to 2,761.36, Xinhua news agency reported.

The Nasdaq composite index was up 92.45 points to 7,678.88.

While China accused Washington of triggering the "largest-scale trade war", USA stock indexes rose.

New US tariffs on more than US$30 billion in Chinese imports are slated to take effect at midnight, a move that is expected to spark retaliation from Beijing.

While the initial amounts of tariffs aren't all that high, costs could soar across the board for business and consumers if the conflict escalates.

T20I Tri-Series final: Australia set Pakistan 184-run target
He still remains a risky prospect for any opposition, though, and his will be a prized wicket for the Pakistanis. Their 72-run stand for the second wicket was ended by Maxwell, who had Talat clean bowled for 30.

Stocks edged higher in Europe, with the pan-European FTSEurofirst 300 index closing 0.2 percent higher.

Stocks closed broadly higher Friday, snapping two consecutive weekly declines for the market.

The Dow added 185.07 points, or 0.8 percent.

The gains came despite an escalation in trade tensions as the US imposed tariffs on Chinese goods and China responded in kind.

The S&P 500 is up 18.24 points, or 0.7 percent. The U.S. dollar index.DXY, which measures the greenback against a basket of currencies, has risen more than 4 percent since March 1.

The Russell 2000 picked up 50.99 points, or 3.1 percent.

The Russell 2000 is up 143.97 points, or 9.4 percent.

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