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”.
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.
