The ASX200 index opened at a record high on Wednesday morning and is only a few points away from the all-time high of 7,000 points.
CMC Market’s Michael McCarthy told Sky News it’s “almost certain that at one state this year we will see the ASX200 index move above the 7,000 mark”.
Investors are keeping an eye on the US and China as they seek to sign phase one of the trade deal later on Wednesday. “The problem for investors in the short term is that we’ve already priced positive development, and if the agreement were to fall over we would see selldown of global shares as a result,” Mr McCarthy told Sky News.
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