Contracts for all three main American gauges pointed to more gains after Wall Street hit new records a day earlier.
The Stoxx Europe 600 Index tracked the move, though carmakers were among losers even as data showed record sales in the region in December. Asian equities were mixed. Treasuries drifted after two days rising. West Texas crude hovered around US$58 a barrel. Assuming the detente lasts, traders will be seeking fresh catalysts, most likely in economic data and the ramp-up of earnings season. Morgan Stanley is among the names reporting before the open in New York.
"Markets will likely continue to price in an elevated risk premium, which could be a source of volatility throughout 2020.”
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