Global economic uncertainty eased by U.K. elections, China trade deal

What they're saying: Ben Emons, managing director for global macro strategy at Medley Global Advisors in New York, told Bloomberg: "The China trade deal and U.K. election result have taken out a major tail risk overhanging markets and companies."

• "Business confidence should see a large boost that could see a restart of global investment, inventory rebuild and a resurgence of global trade volume."

Yes, but: The New York Times' Peter Goodman writes in a new analysis that the Conservative victory in Britain has dealt another blow to globalism, paving the way for a new era of trade dominated by nationalism.

• "The decisive Conservative victory in Britain leaves no doubt that in today’s global equation, national interests are supreme and globalization is suspect."

• "[A] new era is underway in which national interests take primacy over collective concerns, with trading arrangements negotiated among individual countries."

Go deeper:

• U.S. and China reach "phase one" trade deal to avert December tariffs
• U.K. election: Boris Johnson's big win means Brexit is coming
• Goldman Sachs sees break in the clouds in latest economic forecast