US equity markets recovered from opening falls to settle higher albeit global trade tensions continued to simmer - Dow up +114-points or 0.53%, with Apple Inc gaining +2.5% and snapping a four session losing streak after investment bank UBS raised their target price on the company to US$250 from US$215. The upgrade comes ahead of Apple's product launch event tonight AEST. The broader S&P500 advanced +0.37%, with the Energy sector gaining +1.1% and breaking a seven session losing streak. The technology centric NASDAQ rose +0.61%. China has vowed to retaliate and plans to ask the World Trade Organisation (WTO) next week for permission to impose sanctions on the US. for Washington’s noncompliance with a ruling in a dispute over US. dumping duties, according to a Reuters report. It is part of a dispute that goes back to 2013.
