Stocks bounce as Trump changes tack on Syria, earnings hopes

WASHINGTON, USA – JANUARY 30: President Donald Trump gives his first State of the Union address to Congress and the country in Washington, United States on January 30, 2018. ( Samuel Corum – Anadolu Agency )

Global stocks recovered to three-week highs on Friday as anticipated strong earnings season took centre stage after US President Donald Trump backtracked on his suggestion of an imminent missile attack on Syria.

The mood improved also after Trump tweeted an attack on Syria “could be very soon or not so soon at all,” allaying fears of an immediate military action that investors fear could lead to wider conflict between Washington and Moscow.

Read: Death toll rises to 85 in Syria East Ghouta chemical attack

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