REUTERS: U.S. stock indexes rose to near all-time high on Monday on optimism about the imminent signing of a preliminary U.S.-China trade deal as well as the start of the fourth-quarter corporate earnings season.
Adding to the positive mood around trade, Bloomberg reported the Trump administration planned to lift its designation of China as a currency manipulator, according to people familiar with the matter. Analysts expect profits at S&P 500 companies to drop 0.6per cent for a second straight quarterly decline, according to Refinitiv IBES data.