Manila Metro
06 Dec 2019, 10:26 GMT+10
NEW YORK, New York - U.S. stock markets made minor gains on Thursday as speculation over the outcome of trade talks between the U.S. and China held center-stage.
Markets are waiting to see if China can avoid U.S.-planned tariffs scheduled to commence on 15 December.
"Investors are trying to calibrate things," Matthew Keator, managing partner in the Keator Group, told the Reuters Thomson news agency Thursday. "The markets are going to toggle up and down until we see what happens on Dec. 15th to get some sort of clarity in terms of how to move forward in the near term."
"The market has become desensitized a bit to the partisanship that's been going on," he said, while adding that "uncertainty is not something the market enjoys."
At the close of trading Thursday, the Dow Jones Industrial Average was ahead 28.01 points, or 0.1%, at 27,677.79.
The Standard and Poor's 500 added 4.67 points, or 0.15%, to 3,117.43.
The Nasdaq Composite climbed 4.03 points, or 0.05%, to 8,570.70.
The U,S. dollar continued to lose ground. The euro hurdled the crucial 1.1100 mark to trade at 1.1104 around the New York close Thursday.
The British pound strengthened to 1.3159. The Japanese yen nudged up to 108.71. The Swiss franc firmed to 0.9869.
The Cnaadian dollar rose to 1.3175, while the New Zealand dollar gained to 0.6545.
The Australian dollar was steady at 0.6832.
Overseas, the FTSE 100 in London dropped 0.70%. The German Dax declined 0.65%. The Paris-based CAC 40 added 0.03%.
On Asian markets, in Japan the Nikkei 225 rose 164.86 points or 0.71% to 23,300.09.
The Australian All Ordinaries jumped 76.70 points or 1.14% to 6,791.10.
Get a daily dose of Manila Metro news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Manila Metro.
More InformationLONDON, UK - World leaders have congratulated Joe Biden following his inauguration Wednesday as the 46th U.S. president. Many allies ...
The EU has a large fleet that fishes outside European waters. Nearly a third of its catch comes from non-EU ...
The end of Donald Trump's dysfunctional tenure in the White House means the start of a relatively normal presidency under ...
Chinese billionaire Jack Ma has made his first public appearance since openly criticizing China's financial regulatory system just over two ...
SYDNEY, NSW, Australia - The Australian metropolitan commercial radio audience grew by 2% to nearly 11.1 million listeners in 2020, ...
This week Beijing released its preliminary trade data for 2020. As expected, when the global economy slammed to a halt ...
LONDON, UK - World leaders have congratulated Joe Biden following his inauguration Wednesday as the 46th U.S. president. Many allies ...
NEW YORK CITY, New York - A New York City man who who stoked tensions before and after the storming ...
The end of Donald Trump's dysfunctional tenure in the White House means the start of a relatively normal presidency under ...
U.S. President Donald Trump left the White House for the final time on Wednesday, heading by helicopter to a nearby ...
Last week Israeli human rights group B'Tselem released a position paper describing for the first time in its 30-year history, ...
WASHINGTON, DC - With a promise to 'heal' America, which in recent months witnessed a chaotic election and messy transition ...