ended its trading day 0.78% higher at 9,022.39, topping the 9,000 mark for the first time ever. The three major averages all hit new all-time highs.reached a phase one trade
agreement earlier in December. The two economic powerhouses are in the midst of translating the deal, with the aim of signing it in early January. In a regular press briefing on Thursday, the Chinese Commerce Ministry said China is in close touch with the U.S. on signing the initial trade pact. That came after President Donald Trump said Tuesday the deal is "getting done," adding there will be a signing ceremony with Chinese leader Xi Jinping.
"China has been lukewarm about the trade agreement, expressing less enthusiasm than the US but comments is the strongest confirmation to date that there will be no reneging on the deal," Kathy Lien, managing director of foreign exchange strategy at BK Asset Management, wrote in a note dated Thursday., which tracks the greenback against a basket of its peers, was last at 97.559 after seeing earlier highs around 97.7.traded at 109.54 after weakening to levels above 109.
Next prediction from Wall Street doubters will be the Gloom and Doom apocalipse approaching from the record boom in the economy.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »