Market Updates: Stock Markets Climb Over Trade-Deal Hopes as 2018 Ends
Arslan Butt•Monday, December 31, 2018•1 min read
On the last day of 2018 trading, the US stock futures led a bullish rally, as investors pulled inspiration from trade headlines steering hopes of progress between the US and China on trade. A day before, on Sunday, US President Donald Trump tweeted that he and Chinese leader Xi Jinping had made “big progress” in a telephone conversation about trade and that a deal was “moving along very well.”
The market is still a bit uncertain over sentiments that Trump may be exaggerating progress in a bid to calm financial markets before the year-end.
How are benchmarks performing?
- S&P 500 ( SPX ) soars to 2,506.38, adding +0.82%
- Dow30 (DJIA) trades at 23,062.40, down -0.33%
- FTSE trades bullish at 6,742.16, adding +0.12% today
- DAX (German30) edged higher to trade at 10,558.96, up +1.71% today
Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
ABOUT THE AUTHOR
See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
Related Articles
Comments
Subscribe
Login
Please login to comment
0 Comments
Oldest
Sidebar rates
Add 3442
Related Posts
SaveAdd 3440
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals