OPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract expected to open up 29 points.
U.S. negotiators offered to slash existing tariffs on Chinese imports and cancel new levies if Beijing agrees to boost purchases, intellectual-property protection and increase access to China’s financial-services sector.
Facebook will pay $130 million to establish an independent board charged with reviewing the company’s content moderating, providing long-term backing to its experiment in better policing the platform.
Overnight Summary
Each Market in Focus
The Dow Jones Industrial Average rose 197 points, or 0.7%. The S&P 500 gained 0.7%, while the Nasdaq Composite advanced 0.5%.
All three indexes hit intraday records after Mr. Trump’s tweet, before paring gains. The S&P 500 was on track to close at a new all-time high.
The president’s comments came ahead of a Sunday deadline when a fresh round of tariffs are set to go into effect on roughly $156 billion of Chinese goods.
EUR/GBP rises 0.4% to 0.8473, having earlier hit a one-week high of 0.8493, while GBP/USD declines 0.5% to 1.3132.
The WSJ Dollar Index, which measures the U.S. currency against a basket of 16 others, edged higher to 90.35 from 90.27 Wednesday.
The FTSE 100 gained 0.8%, outpacing other European markets, while the pound fell 0.9% against the dollar.
Politicians in both the major political parties are signaling an end to years of constrained fiscal policy as the country prepares to exit from the European Union, and the vote results will play a crucial role in determining the course of Brexit.
Meanwhile, the European Central Bank under its new President Christine Lagarde left interest rates unchanged at minus 0.5%, a day after the U.S. Federal Reserve also held rates steady. The benchmark Stoxx Europe 600 gained 0.3%.
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