US Market Wrap
As we transfer in direction of the top of the buying and selling week, US fairness markets proceed to run scorching, with the trade-induced Santa rally preserving shares at information highs.
Because the SPX made yet one more document shut, there was some extra important information on the commerce entrance that helped carry sentiment.
US Treasury Secretary Steven Mnuchin mentioned an preliminary US-China commerce deal could be signed in early January. Mnuchin mentioned the deal was already down on paper and the 2 events have been simply giving it a ‘scrub’.
The Dow and the NASDAQ additionally hit document excessive ranges, with markets on their longest successful steak since January 2018.
As we speak’s Agenda
It could be a shortened buying and selling day for a lot of nations, however there are nonetheless some key information factors that must be rolled out.
We get a have a look at each UK GDP and US GDP, which is able to make up the massive top-tier information releases. US GDP is trying a good bit extra wholesome at 2.1%, whereas the UK stays sluggish, barely above the 1.0% mark.
It’s been an enormous week for each nations on the again of the Trump impeachment and commerce deal within the US. Whereas the UK has seen the fallout from the Brexit election and a number of top-tier information.
As we glance to shut out what’s going to doubtless be the ultimate day of actual buying and selling for the 12 months, each the GBP/USD and Buck, would be the two currencies to look at.
Foreign exchange Sign Replace
The FX Leaders Group…