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Positive signs on the U.S.-China trade talks prompted investors to dive into stocks again, and J.P. Morgan believes the rally is here to stay and the market could reach the bank’s 2020 target eight months early.“Looking ahead, given improving trade rhetoric, the market could reach our 2020 midyear price target of 3,200 sooner (by late 2019 or early 2020),” Dubravko Lakos-Bujas, the firm’s...
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U.S. markets were slightly weak to start Friday’s action following a couple of high profile earnings misses and slightly disappointing economic news. However, the major indexes got a lift following signs the U.S. and China are close to finishing some sections of the phase one trade accord. Treasury Secretary Steve Mnuchin and U.S. Trade Representative Robert Lighthizer held a phone call with...
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U.S. markets were slightly weak to start Friday’s action following a couple of high profile earnings misses and slightly disappointing economic news. However, the major indexes got a lift following signs the U.S. and China are close to finishing some sections of the phase one trade accord.Treasury Secretary Steve Mnuchin and U.S. Trade Representative Robert Lighthizer held a phone call with...
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The US and China are getting close to finalizing some sections of a phase-one trade deal, the Office of the US Trade Representative said on Friday, according to CNBC.The office issued a statement following a conversation that US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin had with Chinese Vice Premier Liu He on Friday."They made headway on specific issues and the...
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