A gauge of global equity markets and Wall Street's three major indices fini...
Wall Street was boosted by U.S.-China trade optimism and gains in Amazon.com after a report signaled robust online holiday sales.
The S&P 500, up 29% so far this year, is less than four-tenths of 1 percentage point shy of its best annual gain since 1997. Recession fears scuttled capital expenditure plans during much of 2019, but strong employment and signs of an improving global economy suggest that will change next year. A spokesman for China’s commerce ministry said Chinese and U.S. officials are in close touch and going through necessary procedures before signing a Phase 1 trade deal.Gold has been on the rise recently as a hedge against potential inflation, dollar weakness and increased equity market volatility in 2020, Abbasi said.
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