Global Market Shares
Global market shares rose on Tuesday as investors expected positive news from the trade talks between the United States and China.
Strong economic data and better-than-expected corporate earnings have boosted US stocks since early October, while “markets are confident that we will see a phase-one trade deal ahead of the next major tariff hike deadline of December 15,” “Analyst Edward Doya Onda said in a report.
Britain’s FTSE 100 rose 1.1% to 7,390, while Germany’s DAX rose 1% to 13,333. France’s CAC 40 rose 0.3% to 5,947.
US shares were up 0.2% with the Dow futures closing at 28,050. S&P 500 futures were also up 0.2% at 3,129.
With Hong Kong’s Polytechnic University tightening the blockade, Chinese indices have calmed down somewhat as political protests in Hong Kong. Hundreds of protesters leaving campus were arrested after a violent weekend.
Hong Kong’s Hang Seng rose 1.6% to 27,093.80 points, while the Shanghai Composite Index rose nearly 0.9% to 2,933.99.
Japan’s benchmark Nikkei 225 rose 0.5% to close at 23,292.65. Australia’s S & P / ASX 200 added 0.7% to 6,814.20. South Korea’s Kospi slipped 0.3% to 2,153.24.
The global market shares reacted with calming news that Trump called Federal Reserve Chairman Jerome Powell to the White House on Monday to discuss the economy and interest rates – issues where the president repeatedly attacked the Fed , which means to be independent of politics.
Trump tweeted on Monday that his meeting with Powell was “very nice and cordial”. He said he discussed “interest rates, negative interest, low inflation, easing, the strength of the dollar and its impact on manufacturing, trade with China, the E.U. and others, etc.
The Fed said in a statement that Powell’s message to Trump during his meeting was similar to that expressed in congressional testimony last week, when he said the economy was in good shape and that the Fed may have suspended its rate cuts so far Will give. The central bank has cut its benchmark short-term rate this year to try to support the economy.
Benchmark oil fell 60 cents to $ 56.45 per barrel on the New York Mercantile Exchange. It dropped 67 cents to $ 57.05 a barrel on Monday. Internationally, Brent crude dropped 61 cents to $ 61.83 a barrel.
The dollar rose from 108.62 yen to 108.72 Japanese yen on Monday. The euro ticked from $ 1.1072 to $ 1.1079.