Sentiments are given a strong boost as it now appears that US and China are ready for a trade agreement. US President Donald Trump tweeted: “Getting VERY close to a BIG DEAL with China. They want it, and so do we!”
WSJ also reported: “U.S. negotiators have offered to slash existing tariffs by as much as half on roughly $360 billion of Chinese-made goods as well as to cancel a new round of levies set to take effect on Sunday, according to people briefed on the matter”.
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DOW hit news record higher at 18203.30 so far and is currently up 0.96%.
In the currency markets, Yen and Swiss Franc are broadly under pressure while Dollar and Aussie are the strongest.
