Breaking News

You are here » Indian-Commodity  :  International & World Stock  :  US markets end higher on easing fears around US-China trade

10-Jan2019

US markets end higher on easing fears around US-China trade

Magnifying their gains for fourth straight day, the US markets ended higher on Wednesday on the back of optimism about a potential trade deal between the US and China after talks between US and Chinese officials were extended to a third day. Officials have not made public comments about the outcome of the talks, although traders remain hopeful the US and China will reach a long-term trade agreement before a March 01 deadline. Markets also remained positive after the minutes of the latest Federal Reserve meeting confirmed Fed Chairman Jerome Powell's recent remarks suggesting the central bank will take a patient approach to further interest rate increases. The minutes of the Fed's December meeting said participants saw the appropriate extent and timing of future rate hikes as less clear than earlier.

The Fed decided to raise rates by a quarter point at the meeting, but the minutes suggest volatility in financial markets and increased concerns about global economic growth have clouded the outlook for rates. The minutes said 'against this backdrop, many participants expressed the view that, especially in an environment of muted inflation pressures, the Committee could afford to be patient about further policy firming.'

Dow Jones Industrial Average rose 91.67 points or 0.39 percent to 23879.12, Nasdaq gained 60.08 points or 0.87 percent to 6957.08 and S&P 500 was up by 10.55 points or 0.41 percent to 2584.96.


Related News

View all news

US markets end higher after Trump says China trade talks to continue

The US markets ended higher on Friday after key negotiators cast a positive glow on trade talks. US Secretary of Treasury Steven Mnuchin indicated that bilateral talks were constructive even though an......

US markets lower after US President claims China broke the deal

The US markets ended lower on Thursday as trade tensions ramped up after US President Donald Trump threatened tariff retaliation on China, which he claims broke the deal. Anxiety over the prospect of a......

US markets end mostly lower on Wednesday

The US markets ended mostly lower on Wednesday as worries over US-China trade talks lingered. A notice in the Federal Register formally laid the groundwork to raise tariffs on $200 billion of Chinese imports......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......