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risk rallies

US & China Committed to Signed Deal

The US equities markets ended mostly higher on Tuesday as US-Sino trade talks resumed. US and Chinese officials reaffirmed their commitment to honoring phase-I of the trade deal.

SP500, NASDAQ, and DJ30 all notched to fresh record highs. However, investors were quick to buck gains in the Dow Jones index, prompted by Apple’s upcoming stock split.

DXY closed the session negative below 93.00. The index was thrown into doubt following weaker than expected consumer confidence data.

Euro Gains on German Ifo & GDP Readings

The European currency finished the session back above the 1.18 mark yesterday.

German Ifo data showed more optimism than anticipated. On the other hand, GDP figures, despite remaining in recessionary territories, were confirmed at 9.7% vs 10.1% QoQ.

Appetite for Risk Boosts Pound

Sterling advanced to 1.3150 against the dollar on Tuesday despite no-deal Brexit fears looming.

The recent strength seems to reflect positive news ...

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