Markets Rally On Hopes For Global Trade Ceasefire
Stock futures are up and the dollar is trading on a stronger footing after President Donald Trump said he would announce a “full and comprehensive” trade agreement with the United Kingdom later this morning, raising hopes that a broader ratcheting down in tensions could avert lasting damage to the American and global economies. The Canadian dollar and Japanese yen are trading lower, while the euro and other majors are holding firm. Currency market reaction during the White House press conference itself could be fairly subdued. Although reports have suggested that the US is prepared to rescind taxes on autos along...