Global risk assets are fluctuating around yesterday’s highs this morning as investors pause to consolidate gains after the recent string of upside catalysts and note lingering uncertainties on US-China trade, the global economy, and Brexit for 2020. S&P 500 futures indicate a flat open, which would keep the index at yesterday’s record peak and retain year-to-date gains of around 27%.
Global risk assets are advancing this morning as relief over completion of the Phase One US-China trade deal continues to percolate and firming Chinese economic data adds to the upbeat market mood. S&P 500 futures point to a 0.4% higher open, which would set a new record peak for the index and propel year-to-date gains to nearly 27%.
Global risk assets posted robust gains overnight as headlines indicate impending resolution of the Phase One US-China trade deal and the decisive Conservative win in yesterday’s UK election cleared the path for an orderly Brexit. S&P 500 futures point to a 0.4% higher open, which would add to yesterday’s 0.9% gain and set a new record peak for the index.