LONDON - World shares made another push for an all-time high on Wednesday after U.S. President Donald Trump said Washington and Beijing were in the final throes of inking an initial trade deal.
A senior Japanese ruling party official said on Wednesday he believed the government was striving to compile a supportive spending package worth about 10 trillion yen . That was despite softer-than-expected U.S. economic data on Tuesday, which showed a fourth straight monthly contraction in consumer confidence and an unexpected drop in new home sales in October.continued to wobble as pre-election opinion polls showed some narrowing of British Prime Minister Boris Johnson's Conservatives lead over opposition parties, even though he remains favored to gain an overall majority.
Polling is certainly not infallible though, Thu Lan Nguyen pointed out. Before the 2016 Brexit referendum, most surveys had predicted the UK would vote to remain in the European Union.Wall Street’s main indexes were expected to add fractionally to the record highs they have consistently touched this month. Third-quarter earnings that have largely come in above lowered expectations and a third interest rate cut by the Federal Reserve this year has also helped.
It is now less than half the level it was in August, when U.S.-China talks looked close to collapsing, and a third of last December’s level when stock markets were pulled lower by trade angst and rising interest rates.
The stock market doesn’t want a trade deal, just the hope of a deal so the market can continue to ride upward on the hope! I think Trump has tapped into this reality and is keeping hope alive!
Is the next headline standby for a fall?
Trump wins every day
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