US stocks again hit record highs, as the nation's Treasury secretary says a trade deal with China is complete and is now just going through translation.
Once again there are new record highs on Wall Street after the US Treasury secretary said a trade deal with China will be signed early next month.US Treasury secretary Steven Mnuchin said a trade deal with China had been written and was being translatedWall Street reached fresh record highs on continued hopes a signed trade deal is closeMr Mnuchin told CNBC he was"very confident" the first phase of a trade pact would be signed in a few weeks.
"It's just going through what I would consider to be a technical, legal scrub, and we'll be releasing the document and signing it in the beginning of January," he said."We are going through a technical issue now where again the agreement is translated," he explained.is for US agricultural exports to China to double over the next two years, while the US has held off new tariffs and will roll back some existing ones.The S&P 500 again hit a record high, rising 0.
In a statement, the Riksbank said inflation had been close to its target of 2 per cent since the start of 2017. "The Riksbank assesses that conditions are good for inflation to remain close to the target going forward," it noted. "The forecast for the repo rate is unchanged, and the repo rate is expected to remain at zero per cent in the coming years."Spot gold increased to above $US1,480 an ounce.The ASX SPI 200 index was down 0.3 per cent to 6,750, indicating a fall on the local share market today.
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