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The Breakfast Briefing: Global Stocks Rise To End Turbulent 2018
FYI: Global stocks rose Monday, capping a volatile year for markets amid signs of progress in trade negotiations between the U.S. and China.
The Stoxx Europe 600 rose 0.4% in midmorning trade following an upbeat session in Asia. Some markets across the world were closed for the New Year’s Eve holiday. Oil prices also gained while the dollar fell slightly.
On Wall Street, futures pointed to opening gains of 0.9% for the S&P 500. Still, U.S. stocks were on course to record their worst December since 1931.
Over the weekend, President Trump tweeted that he and Chinese President Xi Jinping had recently talked by phone and made “big progress” in trade talks that are due to wrap up on March 1. A team of U.S. trade officials is expected in Beijing the week of Jan. 7 for several days of talks. Regards, Ted
Comments
Wishing you and all of the MFO family a Great New Year!
Old_Skeet
Happy New Year,
Ted