Investors look at screens showing stock information at a brokerage house in Shanghai, China May 6, 2019. — Reuters pic
Wall Street's main indexes posted record closing highs yesterday after US President Donald Trump said an initial US-China trade pact would be signed soon. “No one can predict what will happen with US-China relations, and the US still has some tariffs on Chinese goods in place.” Shares of Boeing Co gave the Dow a big boost after the planemaker ousted its chief executive officer over a prolonged crisis following two fatal crashes of its best-selling 737 MAX jetliner.
Against the euro, sterling was quoted at 85.72 pence, close to its lowest since November 22. The pound traded at US$1.2944, close to its lowest since December 2.
Oh lulled me to sleepiness indeed.
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US business spending on equipment appears soft, housing steadies | Malay MailWASHINGTON, Dec 23 — New orders for key US-made capital goods barely rose in November and shipments fell, suggesting business investment will probably remain a drag on economic growth in the fourth quarter. The White House's 17-month-old trade war with China has hurt business confidence,...
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