NatAlliance global fixed income head Andy Brenner and Harris Financial Group managing partner Jamie Cox on how U.S. stocks surged after Federal Reserve Chairman Jerome Powell signaled that the Fed would be flexible about future monetary policy moves.
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Dow Jones futures were down by 0.1 percent. The S&P 500 slipped 0.1 percent and the Nasdaq Composite was off 0.2 percent.
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China and the United States want to work together on trade, the Chinese foreign ministry said on Monday.
U.S. officials are meeting their counterparts in Beijing this week for the first face-to-face talks since President Trump and China’s President Xi Jinping agreed in December to a 90-day truce in a trade war that has roiled international markets.
In Asian markets on Monday, the Shanghai Composite closed up 0.7 percent.
Hong Kong’s Hang Seng finished the day up 0.8 percent.
The Nikkei climbed 2.4 percent on Monday, tracking sharp gains on Wall Street as dovish comments from Jerome Powell and the strong non-farm payroll report.
In European trading, London’s FTSE traded lower by 0.5 percent, Germany’s DAX slipped 0.6 percent and France’s CAC was off 0.7 percent.
Stocks surged on Friday, with the Dow Jones Industrial Average rising 746 points after Federal Reserve Chair Jerome Powell said the central bank is prepared to adjust policy quickly and flexibly. His comments followed a blockbuster jobs report for December which saw annual wages jump the most since 2008.