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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: