FXEMPIRE
All

US Stock Market Overview – Stocks Rally Following US-China Trade Signing

Stocks hit fresh highs
David Becker

US stocks moved higher on Wednesday following the signing of the US-China trade deal. Sectors were mixed in the S&P 500 index, driven higher by utilities and real estate. Energy shares bucked the trend. Financials as a whole moved lower as trader’s took profits following better than expected earnings results by Bank of America and Goldman Sachs.

US and China Sign Trade Deal

The US and China sign the first phase of a trade deal which includes roughly $200 billion in Chinese purchases of American goods and services over the next two years. Beijing agreed to step up orders of soybeans, pork and other U.S. farm products by $32 billion, of manufactured goods by around $80 billion, of energy products by some $50 billion and of services by about $35 billion. Details on specific product purchases in each of the categories won’t be released, the people said, as both sides feel such disclosure could risk distorting markets.

US Producer Prices Edge Higher

The Labor Department reported on Wednesday that US producer prices edged up in December. The producer price index ticked up 0.1% last month after being unchanged in November. On a year over year basis through December, the PPI increased 1.3% after gaining 1.1% in November.

For all of 2019, the PPI rose 1.3%. That was the smallest gain since 2015 and followed a 2.6% increase in 2018. Expectations had been for a forecast the PPI climbing 0.2% in December and advancing 1.3% on a year-on-year basis. Excluding the volatile food, energy and trade services components, producer prices also nudged up 0.1% in December after being unchanged in November. The so-called core PPI rose 1.5% in the 12 months through December after gaining 1.3% in November. Core PPI increased 1.5% in 2019, also the smallest advance since 2015, after rising 2.8% in 2018.

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All
IMPORTANT DISCLAIMERS
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
RISK DISCLAIMER
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.
FOLLOW US