- Stocks gain on lingering trade talk optimism
- Dollar, euro hover at supply-demand red lines
- S & P within spitting distance of record
- Trade sensitive sectors lead rally
Stocks in Europe opened lower, after US President Donald Trump said he didn’t expect much from trade talks, but have managed to scale higher, tracking Asian counterparts. US futures for the Dow , S & P 500 and NASDAQ 100 are also trading marginally higher at time of writing. Still, thus far today, the STOXX Europe 600 Index has failed to overcome yesterday’s high, suggesting resistance.
Global Financial Affairs
The dollar selloff, however, has extended for a fourth day after Trump said , in an interview with Reuters, that ” he was not thrilled ” with his Fed Chair Jerome Powell raising interest rates. Yields rebounded ahead of this week’s monetary policy meeting minutes on Wednesday.