US markets open in green as trade war fears ease

Thursday, 12. September 2019 15:30

Equities on the United States' stock markets started trading higher on Thursday driven by optimism regarding the positive developments in the trade war between Washington and Beijing. China's Commerce Ministry welcomed the delay in tariff implementation, while President Donald Trump stated he expected Beijing would buy "large amounts" of US agricultural products. However, Treasury Secretary Steven Mnuchin warned the president was ready to increase tariffs on Chinese products if necessary.

The Dow Jones Industrial Average gained 0.20% at the opening bell, as Visa Inc. rose 1.29%. Concurrently, the Nasdaq 100 and the S&P 500 increased 0.56% and 0.27% respectively, with Activision Blizzard Inc. being the best performer on both indexes, growing 3.37%.

The euro dropped 0.29% against the dollar at 3:29 pm ET, to change hands for $1.09786, while the British pound slipped 0.12% to $1.23164 at the same time.

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Author:
Breaking the News / MD