Money: North American stock markets climb to record highs on signals of trade truce - - PressFrom - Canada
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Money North American stock markets climb to record highs on signals of trade truce

00:15  16 november  2019
00:15  16 november  2019 Source:   msn.com

Trudeau talks new NAFTA with Mexico's president as Pelosi signals optimism on ratification

  Trudeau talks new NAFTA with Mexico's president as Pelosi signals optimism on ratification Trudeau talks new NAFTA with Mexico's president as Pelosi signals optimism on ratificationAccording to a statement from the Prime Minister's Office, Mexican President Andrés Manuel López Obrador called to offer his congratulations to Trudeau on winning re-election.

TORONTO - North American stock markets closed higher Wednesday with the three main U.S. markets all hitting record highs on further anticipation of The August crude contract recovered from Tuesday’s steep drop to climb US.09 at US.34 per barrel and the August natural gas contract

** Upcoming trade talks between China and the United States are unlikely to immediately resolve major disagreements between the two sides, but could start ** Foreign inflows also helped boost stocks on the mainland, with investors via the Stock Connect linking mainland and Hong Kong buying 6.7 billion

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TORONTO — North American stock markets all climbed to record highs largely on positive signals of a trade truce between the world's two largest economies.

The S&P/TSX composite index closed up 56.29 points at 17,028.47, the first time above the 17,000 threshold.

In New York, the Dow Jones industrial average was up 222.93 points at 28,004.89. The S&P 500 index was up 23.83 points at 3,120.46, while the Nasdaq composite was up 61.81 points at 8,540.83.

The Canadian dollar traded for 75.58 cents US compared with an average of 75.43 cents US on Thursday.

Why are stock markets soaring amid so much uncertainty?

  Why are stock markets soaring amid so much uncertainty? Uncertainty is one of the biggest forces in global economics right now is uncertainty — it has weighed down the stock market and shaved as much as 0.75 per cent off U.S. GDP growth. Yet the market is setting new records.U.S. President Donald Trump took to Twitter to tout the records, saying: "Stock Market hits RECORD HIGH.

TORONTO - North American markets bounced back with their second best day of the year after the Federal Reserve signalled possible interest rate cuts to address trade Markets have been negative over several weeks with the TSX falling Monday to 3.9 per cent off the all-time high set April 23.

All major US stock indexes closed at record highs on Friday. The S&P 500 posted its sixth straight weekly gain, the longest such streak since Stocks have climbed to new heights multiple times in the last several weeks after stronger-than-expected corporate earnings and optimism around a trade deal.

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The December crude contract was up 95 cents at US$57.72 per barrel and the December natural gas contract was up 4.1 cents at US$2.69 per mmBTU.

The December gold contract was down US$4.90 at US$1,468.50 an ounce and the December copper contract was up 1.65 cents at US$2.64 a pound.

This report by The Canadian Press was first published Nov. 15, 2019.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

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North American markets post new record highs on stronger U.S. economic growth .
North American markets post new record highs on stronger U.S. economic growthThe S&P/TSX composite index closed up 64.69 points to a record close of 17,100.57.

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