|Day's range||28,795.42 - 29,174.92|
|52-week range||24,899.93 - 30,280.12|
the label of the country as a currency manipulator, ahead of the signing this week of a “phase one” trade deal between the two sides. China a currency manipulator in August after the Chinese central bank allowed the renminbi to weaken beyond Rmb7 to the dollar. Lifting that label on Monday, Steven Mnuchin, US Treasury secretary, said China had “made enforceable — commitments to refrain from competitive devaluation” and pointed to the imminent broader agreement on trade.
Wall Street’s main equities gauges hit record highs on Thursday, with Middle East tensions easing and the prospect of a Sino-US “phase one” deal on track to be signed next week. A relief rally began on ...
Global stock markets took another hit Monday while oil and gold prices surged in response to the escalating tensions in the Middle East following the U.S. killing of Iran's top general. The death of Qassem Soleimani in a U.S. drone strike has heightened geopolitical risks for financial markets, including concerns about potential disruptions to the global oil supply. The U.S. has reinforced its presence in the Middle East in preparation for reprisals from Iran, which has vowed revenge.
Wall Street closed the books Tuesday on a blockbuster 2019 for stock investors, with the broader market delivering its best returns in six years. The S&P 500 finished with a gain of 28.9% for the year, or a total return of 31.5%, including dividends. The Nasdaq composite rose 35.3%.
“There could be a few big institutions out there that are taking some profits,” said Randy Frederick, vice president of trading & derivatives at Charles Schwab. “While (manufacturing) only represents about 12% of the economy, it tends to be much more of a leading indicator versus the services sector,” he said.
Asian markets finished the day mixed following another record day on Wall Street and shares in Europe are moving higher as British lawmakers prepare for their first major vote on Brexit, which is all but certain to be approved by the country’s new Conservative-dominated Parliament. The vote to approve Prime Minister Boris Johnson’s Withdrawal Agreement Bill in principle will set Britain on course to leave the European Union as scheduled on Jan. 31. The major U.S. stock indexes have climbed to record highs as investors welcomed the news that Washington and Beijing had taken steps to cool their trade conflict.
World shares dropped Thursday as anxiety mounted over the possibility the U.S. and China may not reach a trade deal before next year. China’s Commerce Ministry batted away rumors that the talks were in trouble with a spokesman saying Beijing was committed to continuing discussions on core concerns. Several reports suggest the U.S. and China are struggling to reach a preliminary “Phase 1” trade pact and might not be completed this year.