Investors continue to look at the positives and keep the risk appetite high as US stock indices hit yearly and record highs . The US dollar has weakened since the start of the month even with rising interest rates and a solid employment market. The threat from the US/China trade dispute seems to be discounted with analysts believing the actual amounts involved are not yet big enough to hurt the economies.
China plans to introduce an import tax cut in a bid to increase imports. It is still unclear if this will include imports from the USA. Economists believe that China is sending a message that it will keep opening up and reform no matter how the trade war goes.
No economic data out tonight in the US .
Daily Chart - Dow Jones Index CFD - Record highs today.
Latest prices are as follows:
Dow Jones 26729 up 62 / S&P500 2934 up 3 / Nasdaq100 at 7586 up 15.
EUR 1.1742 down 33 / GBP 1.3088 down 178 / JPY 112.68 weaker by 19. / DXY 93.70 up 21.
Gold 1195.00 down 12.00 / WTI Crude Oil 70.81 up 49.