The stock exchanges in New York opened on Monday in green. Investors on Wall Street are pleased to hear the news that US President Donald Trump postpones the deadline for a trade deal with China. There seems to be progress in the trade talks between the two economic superpowers.
The Dow-Jones index recorded 0.6 percent in the plus at 26.197 points shortly after the opening bell. The broader S & P 500 also rose 0.6 percent, to 2808 points, and Nasdaq Fencing Exchange rose 0.9 percent to 7593 points. With that Wall Street continues the optimism from elsewhere. The European exchanges were supported by reports of Brexit postponement while the Chinese trade session ended with the largest daily gain in four years.
Trump wrote on Twitter that in the consultations with China, “substantial progress” has been made on several important files. He is also willing, if the trade talks bring even more results, to receive Chinese President Xi Jinping on his Florida estate for the completion of the trade deal.
General Electric (GE) received 14 percent of market capital in the first trading minutes. The industrial conglomerate sells its BioPharma component to industrial and technology company Danaher. The deal involves an amount of more than 21 billion dollars.
Oliver I. Kjeldsen has a corporate finance and extensive expertise in company audit. He grants us amazing insights on taxation, international affairs and friendly advice on nearly any topic of interest. His email is oliver.kjeldsen@economicinform.com
