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"We are in this world of Goldilocks, where it's not too hot, it's not too cold and it seems right," said Tom Plumb, fund manager at Plumb Balanced Fund in Madison, Wisconsin. "This will create a risky environment for equities – people will invest money in the stock market because some companies will benefit from global economic growth."
Two Federal Reserve officials have pleaded for a possible interest rate cut just days after Powell said that there was no reason to change rates in both ways.
The President of the St. Louis Federal Reserve, James Bullard, and Chicago Fed President Charles Evans, both voters this year, expressed caution on Friday against low prices and said the central bank may need to act to bring down inflation.
With Friday's winnings, the S& P 500 brought the increase this year to 17%.
Add Tom Lee to the growing list of strategists who are coming to a rally that has quickly surpassed their 2019 end-of-year goals. The co-founder of Fundstrat Global Advisors has raised his forecast for the 2925 gauge to 3125, citing the profits and the opportunity for investors to buy back shares given lower bond yields.
Vice Premier Liu He returns to Washington for a new round of trade talks. The White House has stepped up its pressure to reach an agreement, warning that it could still go away.
President Donald Trump told reporters Friday that the United States could reach an agreement with China in a few weeks. "And if that does not happen, we'll be fine too," he said.
Here are some of the main movements in the markets:
stocks
- TheThe & P 500 index climbed 1% at 4pm, New York time.
- The Dow Jones Industrial Average advanced 0.8% and the Nasdaq-100 1.6%.
- The Stoxx Europe 600 index rose 0.4%.
- The MSCI Asia Pacific index rose 0.3%.
Coins
- The Bloomberg Dollar Spot Index fell 0.4%.
- The euro rose 0.2% to 1 1199 USD.
- The pound sterling jumped 1% to 1 3167 USD.
- The Japanese yen rose 0.4% to 111.10 to the dollar.
Obligations
- The yield on 10-year Treasury securities declined by one basis point to 2.53%.
- Germany 's 10 – year yield fell from a base point to 0.03%.
- The 10-year British yield rose three basis points to 1.219%.
Basic products
- The Bloomberg Commodity Index rose 0.2%.
- US crude gained 0.2% to 61.94 USD per barrel.
- Gold rose 0.7% to $ 1281.30 per ounce.
Bloomberg
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