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Donald Trump & Xi Jinping Agreed To Pause Introduction Of New Tariffs & Intensify Their Trade Talks
Donald Trump and his Chinese counterpart Xi Jinping agreed to pause the introduction of new tariffs and intensify their trade talks. Trump and Xi promised to halt any new tariffs for 90 days as the countries continue negotiations. The U.S. had been scheduled to push ahead on January 1 with increased tariffs on $200 billion worth of Chinese goods. S&P 500 Index futures jumped over 1.5 percent, Asian markets also opened higher following US markets.
On Friday, Nifty gained for the fifth day in a row, supported by strengthening the rupee. The index, which opened on a strong note, settled with small gains after briefly slipping into negative zone in afternoon trade.
For Smallcap to start a buying trend, it needs to break 6341 levels which is its 3 weeks high.
The US 10 Year T-Note is trading at 119.17. The Bond has broken its important low of 120.03 on 2nd Oct 2018. The US Dollar Index is trading at 96.905.
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