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Home / Business / US stock futures climb beyond the hopes of the trade agreement at the last meeting of 2018

US stock futures climb beyond the hopes of the trade agreement at the last meeting of 2018



US. Stock futures pointed to a positive closing session for 2018 on Monday as investors drew inspiration from the headlines in the trade, pointing to hopes for progress between the US and China.

How do benchmarks work?

Dow Jones Industrial Average Futures

YMH9, + 0.86%

climbed 228 points or 1% to 23,263 while the S & P 500 futures value was higher

ESH9, + 0.82%

increased 22 points or 0.9% to 2,508 and Nasdaq-1

00

NQH9, + 0.93%

futures jumped 66.75 points or 1% to 6,360.25.

Last week, the major indexes made the first weekly profit of all three indices since the end of November. Friday's Friday's session ended with a late boost that went higher, leaving the Dow Jones Industrial Average

DJIA, -0.33%

to lower 0.3% to 23,062.40. The S & P 500

SPX, -0.12%

completed 0.1% and the Nasdaq composite

COMP, + 0.08%

achieved an increase of 0.1%.

During the week, the S & P 500 rose 2.9%, while the Dow rose 2.8% and the Nasdaq rose 4%.

But one more session to close, the Dow expects a drop of 1,656.82 points or 6.7% for 2018, the largest one-year point and a percentage decline since 2008, while a quarterly loss of 12, 83% is the largest loss since the first quarter of 2009. With a monthly loss of 9.7%, the Dow is the worst December since 1931 and the biggest decline since a month since February 2009.

The year is also the worst since In 2008, the S & P 500 fell 7% and the Nasdaq Composite 4.6%.

Read: So stock market bulls set to January to stabilize the ship.

What drives the market?

While the Monday session before the New Year holiday on Tuesday can expect low volumes, the appetite for perceived riskier assets such as stocks could increase the headlines of the trade.

US. President Donald Trump tweeted on Saturday that he and Chinese leader Xi Jinping had made "big strides" in a telephone discussion on the trade and that a deal was "going very well." But, according to sources close to the talks, Trump may exaggerate progress According to The Wall Street Journal

the plan was to calm the markets. The report said that the US is urging China to submit details to the proposals that it had made to foreign investors since the meeting of the two leaders in Buenos Aires on 1 December. Some of the Trump administration have expressed doubts that there will be significant progress unless Beijing announces the exact changes it will make.

New data from China showed that production activity reached a low of two years, indicating a growing weakness in the world's second largest economy.

A government deadlock will extend to 2019, with both sides in a stalemate over funding, and most legislators are away for the holidays.

Read: Trump Reverses 2019 Salary Increases for Most Federal Employees

How are other markets traded?

Oil prices rose along with inventories, with crude oil prices from West Texas Intermediate

CLG9, + 2.03%

rose 1.3% to $ 45.90 a barrel. gold prices

GCG9, + 0.04%

while the ICE dollar index eased

DXY, -0.07%

was flat.

Most Asian markets were closed before the New Year holidays and will be closed on Tuesday. The Hang Seng Index in Hong Kong

HSI, + 1.34%

rose 1.3% and, according to FactSet, saw a loss of nearly 14% for 2018.

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