[ad_1]
The stock futures trade gains Friday to launch the new optimistic month as to the conclusion of a trade agreement between the two countries.
The main averages ended in February, with a 3-fold rise in the last 4 months on the Dow, S & P and Nasdaq indices.
Dow Jones futures increased 0.7%. The S & P 500 added 0.6% and the Nasdaq Composite was up 0.7%.
Trade negotiators are reportedly preparing a final agreement between the United States and China, which could be signed in the coming weeks, according to Bloomberg.
Treasury Secretary Steve Mnuchin said Thursday that a 150-page document was in preparation, but warned that "there is still a lot of work to be done."
In China, Shanghai closed up 1.8% in the Asian markets, but 6.8% for the largest weekly increase in four years. Hang Seng of Hong Kong added 0.5% for the day and the Nikkei of Japan, 1% for the session and 0.8% for a third weekly gain.
In Europe, the London FTSE is up 0.5%, the German DAX 1% and the French CAC 0.6%.
Shares fell modestly on Thursday after a steep and seemingly unsuccessful summit between President Trump and North Korean leader Kim Jong Un.
The negative effect on stock markets of the surprising end of the meeting in Hanoi, Vietnam, was partially offset by a US government report that the economy had recorded a growth of 2.6% this winter, compared with 2.3% according to analysts consumer and business spending.
[ad_2]
Source link