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On Monday, American equities mostly ascended. It’s because China and the United States agreed to suspend the introduction of tariffs before the signing of a trade pact between the two leading economies of the world.
The Dow blue chip index futures gained 0.93% reaching 24952.0, the S&P 500 futures soared 0.60%, coming up with an outcome of 2,729.25. Additionally, futures of high-tech Nasdaq 100 rallied by 0.71%, demonstrating a reading of 6923.00.
On Sunday, US Treasury Secretary Stephen Mnuchin told that at the moment the trade conflict between the United States and China was frozen. For the last few months, both countries have been drawn into a fierce trade feud to introduce reciprocal tariffs on imported goods. Notwithstanding the suspension of the introduction of tariffs, China hasn’t agreed to cut the US trade deficit by nearly $200 billion in mutual trade yet despite Donald Trump’s demand.
Tesla shares, which soared by 1.72%, after Tesla CEO Ilon Mask uncovered a two-fold leap in the price of the new version of Model 3. The Facebook shares rallied by 0.76%, and shares of semiconductor maker Advanced Micro Devices Inc dipped 2%. Equities of General Electric slumped by 2.20%.
On the other hand, shares of British American Tobacco headed south 0.53%, Aegion Corp managed to ascend 2.26%, equities of Vedanta Ltd dived by 1, 68%.
Meanwhile, European stock markets demonstrated quite mixed dynamics of trading. The French CAC 40 managed to ascend by 0.67%, the German DAX acquired 0.28%, while the London FTSE 100 inched up by 0.79%. The Euro Stoxx 50 index headed south by 0.55%, while the Spanish IBEX 35 rallied by 0.07%.
Gold futures inched down 0.57%, trading at $1,244.0.
Besides this, WTI crude futures ascended by 0.34%, coming up with a reading of $71.61 per barrel.
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
On Wednesday, Italian stocks led losses in the European Union right after the country's deputy prime minister told that Rome considers breaking EU fiscal rules, thus masking early revenue powered by optimism around the US-China trade conflict…
On Tuesday, another US-China tariff conflict escalation put pressure on Asian stocks, although remarks from American leader that he expects trade talks to be successful backed market sentiment…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…
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