FILE PHOTO: Traders work on the floor at the New York Stock Exchange in New York, U.S., December 17, 2019. REUTERS/Brendan McDermid
Reaffirming expectations of an imminent Phase 1 trade deal, China’s Commerce Ministry said on Thursday it was in close touch with the United States about the pact. Treasury Secretary Steven Mnuchin said last week that the agreement would be signed in early January. The recent gains have also come as a relief for investors, who were anxious about a repetition of the volatility from December 2018, when escalating trade tensions between the world’s top two economies led to the worst December on Wall Street since the Great Depression.
Underlining relatively strong consumer confidence, a report on Wednesday showed U.S. shoppers spent more online during this year’s holiday shopping season, with e-commerce sales hitting a record high.
borrow money is cheap but futures. wait for crash
The bigger they are the harder they fall. So looking forward to the fall.
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