angle-double-right calendar

Sign up today to view these articles!

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

This Morning

Oct 28, 2019, 13:38 PM by Weekly Market Report
U.S. stocks posted healthy gains this morning amid rising expectations for a U.S.-China trade deal. Bloomberg reports “The S&P 500 took out its July record after President Donald Trump said the U.S. is ahead of schedule to sign part of the trade deal.”

Commodities weren’t faring nearly as well, with the major commodity indexes up around 0.1% this morning following reports of falling profits at Chinese industrial companies and weaker Chinese producer prices, Reuters reports. In London, LME 3-mo. copper and aluminum were holding on to modest gains around $5,910/mt and $1,736/mt, respectively, while 3-mo. nickel dropped to around $16,720/mt. In New York, COMEX copper futures were little changed around $2.68 per pound while NYMEX crude oil futures rebounded to $56.70 per barrel. In foreign exchange trading, the euro was buying $1.088 while the British pound edged up to $1.286 as the EU reportedly extended the Brexit deadline until Jan. 31.

ThisMorning1028