LONDON/SYDNEY: World stocks touched record highs on Friday, as trading wound down before the year-end holidays, while the British pound was heading towards its worst week for more than two years amid renewed worries over how Britain will leave the European Union.
However Shell shares fell 0.6per cent after it said it expects impairment charges of up to US$2.3 billion in the fourth quarter and trimmed its forecast for quarterly oil production sales. Mnuchin said the documentation was completely finished and just undergoing a technical"scrub", though Beijing has so far dodged all details of the deal.
"The focus will be on what the outlook is on a more comprehensive phase two deal - what the language is like, what Trump and the Chinese are saying about it," said Neil Wilson, chief markets analyst at Markets.com.
Stocks record is Joy to the world. But Remember the downside is misery in Hell.