Wall Street set for strong open after Trump-Xi meeting
President Trump met with his Chinese counterpart Xi over the weekend, in an attempt to further a trade agreement between the two nations. While no comprehensive agreement was reached, the two did announce that they have agreed not to impose any new tariffs. As a result, Wall Street futures rose yesterday and this morning, pointing to a strong start when markets open today.
Today’s highlights: Crypto market declines
- Cryptocurrencies remain lower: While the crypto market started the weekend with gains, it later reverted to losses as all top 10 cryptos were seen lower. Over the past 24 hours, the negative momentum continued, as Bitcoin declined more than 7%, trading above $11,000 at the time of writing. Other cryptos were also seen lower, as 8 of the top 10 declined by 5% or more.
- Canadian banks closed today: Banks in Canada are closed today due to Canada day, resulting in lower liquidity and volatility for the CAD.
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01/07/2019 appeared first on eToro.