Stocks hit record high, sterling endures rough week

MSCI's world equity index, which tracks shares in 49 countries, gained a smidgeon to 561.31, bettering a record scaled on Thursday as optimism infused markets after the United States and China agreed an initial trade deal.

Yet Shell shares fell 1.1% after it said it expected impairment charges of up to $2.3 billion in the fourth quarter due to a weaker economic outlook. Underscoring that the trade war issue has been put to bed for now, US Treasury Secretary Steven Mnuchin said the United States and China would sign their so-called phase one trade pact in early January.

Market players were already beginning to look at what the next steps for the Washington-Beijing saga will be in the new year. On the currency front, sterling steadied after suffering a sharp reversal that left it facing its worst weekly fall since late 2017 of around 2%.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

British stocks muted as holiday season beckons | Malay MailLONDON, Dec 19 — UK shares were little changed in light trading today, as a lack of major drivers led investors to lock in some of the recent gains ahead of the Christmas holiday season. The benchmark FTSE 100 has risen for the last six straight sessions, helped by a breakthrough on a US-China...
مصدر: malaymail - 🏆 1. / 86 اقرأ أكثر »

MPOB sees palm oil stocks falling to 2.1 million tonnes at year end | Malay MailKUALA LUMPUR, Dec 19 — The Malaysian Palm Oil Board (MPOB) expects the country’s palm oil stocks to finish the year at 2.1 million tonnes or at least remain at the current level of 2.25 million tonnes on continued demand for the edible oil amid a lower-than-expected production. The...
مصدر: malaymail - 🏆 1. / 86 اقرأ أكثر »