Commodity Tips:- Wall Street Rises On Optimism On NAFTA Deal And China Trade

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The S&P 500 edged higher on Tuesday after comments from a Trump administration official on trade with China and the Mexican economy minister on the renegotiation of the North American Free Trade Agreement provided cause for optimism.

 

Mexican Economy Minister Ildefonso Guajardo said his country would respond to U.S. proposals on rules for automobiles under NAFTA next week and that a deal is likely if negotiators show enough creativity and flexibility.

 

Earlier, stocks came off the day's lows after US Trade Representative Robert Lighthizer said he did not desire to change China's economic system but wanted to limit the damage it causes to the United States and encourage more foreign competition.

 

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