REUTERS: U.S. stock index futures hovered near record-highs on Tuesday, buoyed by optimism about the global economy in the wake of improving trade relations between Washington and Beijing.
"This holiday period should be rather calm as trade updates appear very constructive as we near the finalization of the phase-one trade deal next month," Edward Moya, senior market analyst at OANDA, wrote in a note. The S&P 500 is up nearly 29per cent so far in 2019 and set for its best year since 2013, also powered by three interest rate cuts by the Federal Reserve and easing fears of a recession.Investors were wary at the beginning of the month about the stock market mirroring a slump from December 2018, when U.S.-China trade tensions escalated sharply, marking the worst December on Wall Street since the Great Depression.
At 7:15 a.m. ET, Dow e-minis were up 22 points, or 0.08per cent. S&P 500 e-minis were up 2.75 points, or 0.09per cent and Nasdaq 100 e-minis were up 7.25 points, or 0.08per cent.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: The Straits Times - 🏆 8. / 63 Read more »
Source: The Straits Times - 🏆 8. / 63 Read more »