US EditionUS Businesses Await Trade Deals as Financial Markets Brighten
- On Friday, U.S. equity markets climbed higher, with major indexes reaching record levels as investors displayed strong optimism during the trading session in New York.
- The rally was driven by positive expectations that several U.S. trade deals would be finalized soon, in time for the important July 9 deadline, along with pressure to approve a significant tax-cut package.
- Investors also focused on economic data, fiscal policy developments, and awaited a critical U.S. jobs report that could influence expectations for interest rate cuts in July.
- Nike shares jumped 15% after strong quarterly earnings, Boeing gained 6% on a bullish analyst note, and the Dow closed 432 points higher at 43,819.27 on Friday.
- The gains reflect investor confidence fueled by easing geopolitical tensions, advancing trade deals, and ongoing fiscal policy discussions amid a market sentiment reading firmly in the Greed zone.
66 Articles
66 Articles
US businesses await trade deals as financial markets brighten
U.S. stocks have come roaring back after cratering at the onset of President Trump’s trade war, with the S&P 500 index hitting a record high last week following a new agreement with the United Kingdom and the loose confirmation of a broadly defined deal between the U.S. and China. While stock markets are in the black again, formal legal text of the China deal has yet to be released and businesses are bracing for the dozens of country-specific tr…
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Wall Street stocks rally further on trade and tax deal optimism
Wall Street stocks pushed into new record territory on Monday amid optimism the United States would reach trade deals ahead of a self-imposed deadline next week and extend tax cuts.
By July 9th, when the deadline for customs agreements expires, a number of contracts could still be concluded, the U.S. government lets it see through. This creates a sense of buying and confidence on the U.S. Stock Exchanges. The Fed is still unable to look into the cards when it comes to interest rates.
Thanks to hopeful signals about Trump's tax law and the resumed trade talks between the US and Canada, the American stock markets closed higher. The mood on the Damrak was depressed.
Wall Street starts the week on the rise, supported by trade negotiations and hopes around the Trump budget. ...
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