Breaking News

You are here » Indian-Commodity  :  International & World Stock  :  US markets end higher ahead of trade talks


US markets end higher ahead of trade talks

After a day of halt, the US markets again gained the momentum and ended higher on Friday, with Dow Jones adding around 200 points, on the outlook for trade ahead of a meeting between the American and Chinese presidents. Sentiments also remained optimistic after upbeat comments from a US trade official who suggested that some sort of a trade deal is possible during a meeting between President Donald Trump and Chinese leader Xi Jinping at the G-20 summit in Argentina. Investors are hopeful that the US-China trade negotiations will be resolved in a similar way as the US-China-Mexico pact, which was agreed to only after the president issued a series of tough statements, and engaged in significant brinkmanship, before finally compromising on a deal at the 11th hour.

On the economic front, MNI Indicators released a report unexpectedly showing a substantial acceleration in the pace of growth in Chicago-area business activity in the month of November. MNI Indicators said its Chicago business barometer jumped 8 points to 66.4 in November after falling to 58.4 in October, with a reading above 50 indicating growth in business activity. The survey is often seen as a bellwether for the broader US economy. Street had expected the index to edge down to 58.0. The unexpected jump reflected increases across all five of the barometer's subcomponents, with resurgent orders, solid output and higher unfinished orders the month's key drivers.

Dow Jones Industrial Average surged 199.62 points or 0.79 percent to 25,538.46, S&P 500 jumped 22.41 points or 0.82 percent to 2,760.17 and Nasdaq was up by 57.45 points or 0.79 percent to 7,330.54.

Related News

View all news

US markets end higher amid optimism about US-China trade talks

The US markets ended higher on Friday, with gains of over half a percent, amid optimism about US-China trade talks coupled with indications of more Chinese economic stimulus. Chinese Premier Li Keqiang......

Asian markets trade higher in early deals on Friday

Asian markets are trading higher in early deals on Friday as Donald Trump struck an upbeat note on trade talks with China, while the pound held steady after British MPs voted to delay Brexit. While there......

US markets end mostly in red on jitters over trade-deal delay

The US markets ended mostly lower on Thursday on renewed concerns about a potential trade deal between the US and China. A meeting between President Donald Trump and Chinese President Xi Jinping will be......

Top News

View all news

GRUH Finance receives no-objection from NHB for merger with Bandhan Bank

GRUH Finance has received receipt of 'No-objection' from NHB for the proposed scheme of amalgamation of GRUH Finance into and with Bandhan Bank. The company has also received receipt of 'No Objection'......

Karnataka Bank inks agreement with Karvy DigiKonnect for Contact Centre operations

Karnataka Bank has entered into an agreement with Karvy DigiKonnect for total Management of Contact Centre operations. The operation will be an effective interface between the Bank and millions of its......

IndusInd Bank inaugurates new branch in Boisar

IndusInd Bank has inaugurated a branch in Boisar, an upcoming industrial area situated in the Palghar district of Maharashtra. This is the Bank's first branch in this region and is located in the Ostwal......