NEW YORK: US stocks on Thursday sailed to their first record closes of December, lifted by media reports that Washington and Beijing had struck a trade bargain at last.
Earlier in the day, investors also digested commentary from the European Central Bank, which on Thursday tweaked its eurozone growth forecasts and said a slowdown could be stabilising. "Getting VERY close to a BIG DEAL with China. They want it, and so do we!" Trump tweeted five minutes after the start of trading, cheering investors beset by months of uncertainty.Media reports indicated the two sides at last reached an agreement in principle, two months after Trump first announced a"phase one" bargain had been struck.
Source: News Formal (newsformal.com)
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