US rises premarket on trade optimism, data

Friday, 17. January 2020 10:31

Shares on the Wall Street traded higher in the premarket on Friday after United States President Donald Trump and Chinese Vice Premier Liu He signed the phase one trade agreement between the world's two largest economies on Wednesday. Also, one of the biggest American rating agencies, Fitch Ratings, stated earlier that the signed deal will boost the confidence among businesses and support the stabilization of the world economic growth, adding the agreement's impact will depend on its implementation.

Meanwhile, investors are waiting for some US data to be released. US Census Bureau at the Department of Commerce will report on US Housing Starts while the Board of Governors of the Federal Reserve will show the volume of Industrial production. Also, the University of Michigan is releasing its US Michigan Consumer Sentiment index.

The Dow Jones Industrial Average index rose 0.16% at 4:32 am ET. The Nasdaq 100 was up 0.20% concurrently, as the S&P 500 increased by 0.18%.

The euro rose 0.09% against the dollar at 4:33 am ET, going for $1.11278.

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Breaking the News / TF