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Stocks Extend Gains on US-China Talks; Fed's Bostic Urges 'Patience' on Rates

Martin Baccardax

Global stocks extend gains, with markets around the world rising past three week highs, as an extra day in U.S.-China trade talks adds to speculation the two sides are nearing a deal. Stocks and bond yields continue to defy growth concerns even as World Bank trims global GDP forecast and cautions on "bumper ride" in 2019. U.S. crude tops $50 a barrel, extending recent gains to nearly 20%, as a weaker dollar, trade talk progress and OPEC cuts combine to take commodity markets higher.