Early today the Asia stock markets were trending higher. With no fresh economic news investors and speculators continue to watch closely the trade agreement between the United States and Mexico announced on Monday. Investors look positive to the fact that Canada probably will reach a similar deal after its Foreign Minister Chrystia Freeland went to Washington on Tuesday in a hope to resume negotiations about the future of NAFTA. Japan’s Nikkei 225 Index is trading 22878.90, up 65.50 that is about 0.29%. Most of the U.S. stock indexes went up yesterday and that was supported by the positive sentiment investors have over global trade after Monday’s announcement of a trade deal between the U.S. and Mexico. The S&P 500 Index broke above 2900 for a short time for the first time ever. The NASDAQ also reached a record high and the Dow Jones Industrial Average went higher while moving closer to its all-time high.
Oil prices went up amid the upcoming Iran sanctions
Daily Analysis - 29/08/2018