The Overnight Report: No Follow-Through
A global perspective on what happened overnight. US markets rallied again as US/China trade tensions faded on the upcoming deal, with weakness in Gold continuing.
The Australian market rose on Monday with banks and real estate stocks leading. The ASX200 rose 0.6% to close at 9,070.50.
Equity markets across Asia and in the US are in good spirits following the weekend news that a new trade détente between the US and China is likely to be confirmed when Presidents Trump and Xi meet in South Korea later this week.
Nasdaq rose 1.86% and S&P500 lifted 1.
A new trade détente between the US and China is likely to be confirmed when Presidents Trump and Xi meet in South Korea later this week.
Author's summary: Global markets rally on US/China trade deal hopes.
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