As we expected, G-20 summit was a big success and we can clearly see the results of it in the numbers today. What we didn’t expect is Donald Trump backing down from his idea to impose more tariffs on China and actually making a trade deal with Xi Jinping.
Shares in Asia are soaring and oil sees positive output outlook and also surging, which is the biggest jump for the crude in weeks. Dollar is backing down a little bit, but it is no big deal with additions in other segments of the market.
Topix rose 1.3 percent.
Kospi grew 1.7 percent.
S&P 500 futures surged 1.8 percent.
Hang Seng from Hong Kong added 2.4 percent.
Nikkei Stock Average 225 is up by 1 percent.
Dow Jones Industrial Average advanced 0.79 percent.
Dollar is flat against the basket of six major currencies with all the movement going to the stock market.
Euro added 0.4 percent - $1.1365.
Pound grew 0.2 percent - $1.278.
Yen added 0.1 percent – 113.51.
Apple shares declined by 0.54 percent - $178.58.
Facebook surged 1.39 percent - $140.61.
Amazon added 0.99 percent - $1690.17.
Tesla surged 2.73 percent - $350.48.
WTI oil gained 5.24 percent - $53.6 per barrel.
Brent is up by 4.84 percent - $62.34 per barrel.
Gold grew 4.9 percent - $1227 per ounce.
Silver is surging with 0.17 percent addition - $14.32.
Platinum grew 14percent - $811 per ounce.
Palladium gained 11 percent - $1181 per ounce.