Trade optimism lifts world stock markets


Ron insana on Wall Street stocks heading higher and moving back towards record levels as world markets rallied on reports that China had offered some concessions in trade talking about greater protection for intellectual property something that moved Asian markets sharply higher Europe is also up in stock index futures advancing on this holiday shortened week the market also getting a boost from a merger Monday in which Charles Schwab as agreed to acquire TD Ameritrade for twenty six billion dollars LVMH the French luxury goods maker agreeing acquire Tiffany with a sweetened bid there is a lot of activity going on in MMA as we close out twenty nineteen it's been a very strong year in that regard meanwhile we have oil prices trending lower gold is down big coin is off six percent while interest rates are edging up the yield on ten year treasury approaching one point eight percent while the dollar is slightly firmer against key foreign currencies quieting down on the earnings front as we move through this week and then we also have a lot of economic data with new home sales durable goods orders and a second look at third quarter GDP all due out in the

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