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US Futures Rise as Chinese President Xi Jinping's Comments Points to Trade Progress

US Futures rise as Chinese President Xi Jinping’s comments points to trade progress.  Chinese President Xi Jinping announced plans to reduce tariffs on imported automobiles and other products and is committed to enforcing intellectual property rights of foreign companies.  In economic data, March producer prices rose more than expected, rising 0.3% m/m.   European shares are higher with materials stocks leading the advance.  Asian shares bounced after President Xi’s remarks and closed higher across the board.

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