#AceFinanceReport – American markets have been rallying to record highs following the announcement of a preliminary agreement with Beijing to resolve a year-long trade row that saw tariffs on billions of dollars worth of goods imposed by both sides.
Photo Courtesy: RT Business https://t.me/Business_and_finance_News/1733
Business and Finance News, [Dec 13, 2019 at 22:13]
“ NASDAQ closed 0.2 percent ahead on Friday, building on the previous day’s gains of 0.73 percent, while the S&P 500 performed similarly, retaining Thursday’s 0.86 percent jump and gaining slightly again – both remaining at all-time closing highs of 8,734 and 3,168, respectively. The DOW, meanwhile, saw less growth than Thursday’s 220-point leap, but nonetheless closed over 3 points ahead “
The “phase one” trade deal with Beijing, announced on Friday, will halt a scheduled US tariff hike that was set to take effect later this week, and will see Washington scale back existing levies on certain goods in phases: In return, China agreed to increase its purchases of US agricultural products up to $50 billion.
#AceFinanceDesk reports …………Published: Dec.14: 2019:
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