Registration was successful!
Please follow the link from the email sent to

S&P 500, Nasdaq Open at Record Highs on Sino-US Initial Trade Deal

Subscribe
Last week, Washington and Beijing announced that they had worked out the phase one trade deal that is expected to be signed in early January.

The S&P 500 and Nasdaq hit record highs at the open on Monday, following the decrease in the Sino-US tensions as the two sides agreed last week not to proceed with new duties that were planned to go into effect on 15 December.

The S&P 500 opened higher by 14.83 points, or 0.47%, at 3,183.63. The Nasdaq Composite gained 56.43 points, or 0.65%, to 8,791.31 at the opening bell. 

Last month, US stocks in the S&P 500 index rose to record highs after jobs growth for October in the world’s largest economy exceeded expectations by as much as 70 per cent.

An investor looks at an electronic board showing stock information of Shanghai Stock Exchange Composite Index at a brokerage house in Beijing, August 26, 2015 - Sputnik International
S&P 500 Index Reclaims Record Amid Reports of Progress on US-China Trade Deal
On 13 December, Washington and Beijing announced that they worked out the phase one trade deal that is expected to be signed in early January. As part of the deal, the sides agreed to not introduce new duties that were planned to go into effect on 15 December.

The world’s two leading economies have been engaged in a trade war for more than a year over what US President Donald Trump deemed unfair economic conditions and non-competitive behaviour from China.

Beijing has denied such claims, saying that the trade row is not beneficial to either side or the world economy. The standoff has translated into tit-for-tat tariff hikes on imported goods between the countries.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала