The US stock market will open in positive territory thanks to the progress in resolving the conflict with China

  • And
  • +A

The U.S. stock market Thursday will likely start a trading session a moderate increase in the indexes due to the progress in the settlement of the trade conflict with China.
American stock indices the day before finished trading session mixed amid news that the Chinese and the American delegation is ready to resume talks on trade issues in the near future. In addition, the company Apple presented its new smartphone models. Futures on US indices on Thursday, rising by 0.3-0.4%.
Asian markets showed growth of indexes on 1-1,2% due to the progress in resolving the trade conflict between the US and China. Previously China was going to go to the WTO with a lawsuit against the American side.
Major European indexes also grow, adding to 0.1-0.4%. On Thursday passed the Bank of England meeting and European Central Bank, which kept rates unchanged, as expected by market participants (0.75% and 0%, respectively).
At the same time world oil prices are falling after the release of the report by the International energy Agency (IEA) that OPEC in August increased its oil production by 420 thousand barrels per day. This was facilitated by the recovery in production in Libya and the growth of the relevant indicators in Nigeria and Saudi Arabia.
Ivan Marchena,
GK Forex Club