The Nasdaq Composite elevation 1 percent to close at 8,109.69, reaching yet another record high. The S&P 500 also advance 0.6 percent to close at 2,914.04, closing above 2,900 for the essential time. The Dow Jones Industrial Average was up by 60.55 points and closed at 26,124.57.
Investor emotions were also boosted by the announcement that Canada had rejoined the NAFTA talks, cultivating the deal reached by the U.S. and Mexico earlier this week.
U.S. President Donald Trump has chance optimism on the prospect of Canada joining the new U.S.-Mexico trade deal, while iterating that the deadline for Ottawa to do so was on Friday, August 31.
The U.S. dollar index, which forgets the greenback against a basket of currencies, was largely flat at 94.545 as of 9:26 a.m. HK/SIN.
The yen traded above all firm against the dollar at 111.69 while the Australian dollar was down by 0.16 percent at $0.7296 as of 9:27 a.m. HK/SIN.
Oil furnishes rose in the morning of Asia trade, the global benchmark brent rustic was up by 0.14 percent at $77.25 a barrel. U.S. crude was up by 0.16 percent at $69.62 a barrel.
Here’s a look at the mercantile data ahead:
- Hong Kong – July retail sales @ 4:30 p.m. HK/SIN
– CNBC’s Fred Imbert and Reuters furnished to this report.