ClearBridge Investments Investment Strategist Jeff Schulze gives his advice on the best sectors to invest in: utilities and consumer staples.
Stocks opened higher on Wednesday after a report said that China would consider a small trade deal with the United States.
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Beijing is open to non-core concessions, like buying more agricultural products, in exchange for the U.S. not imposing more tariffs on Chinese goods, Bloomberg reports. A follow up report by The Financial Times said China would be willing to increase its purchases of agricultural products by 50 percent, upping its total to $30 billion annually. High-level talks between the U.S. and China are scheduled to resume in Washington on Thursday