Global stock markets rallied on Monday (Nov. 4) on signs the United States (U.S.) and China are nearing the end of a damaging trade war as well as indications the world economy may dodge a recession, Reuters reported. Beijing and Washington spoke Friday of progress in trade talks, and U.S. Commerce Secretary Wilbur Ross said on Sunday licenses for U.S. companies to sell components to China’s blacklisted Huawei Technologies Co will come shortly.

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