Asian markets surged Wednesday, following new hope on the trade front and strong gains on Wall Street. Markets also got a boost after the head of the European Central Bank, Mario Draghi, said the bank was ready to cut interest rates and provide additional economic stimulus if necessary. The remarks put the spotlight on the U.S. Federal Reserve, which has its own decision on interest rates scheduled later in the day. Many think the U.S. central bank may be headed for its first interest rate cut in over a decade sometime later this year. Trump stirred fresh optimism among investors when he said he will hold talks with Chinese President Xi Jinping at an international summit in Japan. U.S. businesses have implored Trump to stop escalating the trade war and refrain from expanding his tariffs to $300 billion on goods from China.
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