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Wall Street shares open higher amid a wave of trade optimism

2019-09-09 02:31 pm | Resource: News | No Views : 31

Wall Street shares open higher amid a wave of trade optimism

Wall Street started the first trading day of the week in the Green Zone as investors remained confident after positive comments last week on the status of US-China trade talks. Before the bell, AT&T rose after announcing that Elliot Management bought $ 3.2 billion in the telecom company.

Trump denies government involvement in using his resorts

U.S. President Donald Trump said on Monday he did not know "anything" about a US Air Force plane that landed at an airport near his Turnberry resort in Scotland and mutilated its crew to stay overnight, adding they had good taste. He also dropped any knowledge of Vice President Mike Pence's decision to stay overnight at another Trump-owned resort in Dunbigh, Ireland, saying the Pence family lived there and wanted to stop seeing them during his European visit.

Trump tweeted, `` I don't know anything about an Air Force plane landing at an airport (I don't have anything to do with) near the Tipperary resort (which I own) in Scotland, filling up with fuel, with the crew staying all night in Turnberry (they have good taste!). They are not doing with me. " Trump's comments come after the US Air Force said it would start a review of his stay at the Trump resort in Turnberry and increase use of nearby Prestwick airport.

EUR / USD Rises on German Shadow Budget Reports

The euro rallied against the dollar on Monday to rise after media reports indicated that the German government is looking for new ways to invest in the country's economy. Germany wants to create a "parallel budget" so that it can move forward with more public investment and not just national debt legislation, according to information obtained by Reuters. The idea is to create separate public institutions in order to achieve the goal and these companies can benefit from zero borrowing costs. They still have to follow the rules under the EU Stability and Growth Pact.
  • The euro rose 0.19% against the dollar, trading at 1.10472 at 15:23 CET.
  •  The pound jumped 0.56% against the dollar and traded at 1.23594 at 15:23 CET.
  • The dollar rose 0.08% against the yen, approaching 107.0030 at 15:23 CET.

Wall Street Openings
  • Dow Jones Industrial Average rose 0.16% JPMorgan shares were up 1.28% at 15:31 CET. After reports that he was selected to play an important role in Saudi Aramco's IPO.
  • The Nasdaq 100 rose 0.30% in the first minute of trading. Manflex led the gains, rising 2.31%
  • The S&P 500 rose 0.33% at 15:33 CET. AT&T shares rose 4.12%


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