S&P Above 2,900, Global Stocks Hit 6 Month High As Dollar Slide Accelerates [zero hedge]
ING GROUP (ISF)
US:NYSE Investor Relations:
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Source: zero hedge
US index futures rose higher into record territory rising above 2,900, as European stocks pared muted gains after the EURUSD rose above 1.17, pressuring exporters, while Asian shares were broadly higher with the exception of China; but the key theme of the session was another day of USD weakness.World stocks rose to a six-month high on Tuesday, lifted by optimism that the U.S.-Mexico deal to replace the North American Free Trade Agreement will help with averting a global trade war. Investors expect Canada will agree to join the three-nation pact, while Trump and Merkel spoke by telephone and the two leaders “strongly supported ongoing discussions” on trade, according to the White House.European and Asian shares followed Wall Street’s Monday lead, inching to multi-month highs after the S&P 500 and Nasdaq indexes surged to fresh records on Monday led by gains in technology stocks.The Bloomberg Dollar index extended its recent slump, sliding to the lowest level in 4 weeks and implied vol
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