Stocks near record highs on trade hopes, dollar gains [Reuters]
NATIXIS UNSP/ADR (NTXFY)
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Source: Reuters
Stocks near record highs on trade hopes, dollar gains NEW YORK (Reuters) - The U.S. dollar rose and a gauge of global equities pushed closer to an all-time high on Wednesday after a batch of U.S. economic data brightened the economic outlook and investors remained bullish on the prospect of a U.S.-China trade accord. Stocks on Wall Street set fresh all-time highs, the latest surge after the Dow Industrials, S&P 500 and Nasdaq indexes closed at new records in five of the past eight sessions. MSCI’s gauge of stock markets across the globe .MIWD00000PUS gained 0.35% and hovered about 1 point from an all-time high of 550.63 established in January 2018. Major pan-European equity indexes traded at highs last seen in 2015 while MSCI’s emerging markets index also gained, all bolstered by hopes the United States and China were close to reaching an initial deal to end a 16-month trade war. An improving economic outlook for 2020 has given investors more to cheer, said Joseph LaVorgna, chief econ
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