Markets Wrap after Trade Deal Signing; U.S. Futures Rise

On Wednesday the U.S. and China officially signed the phase one deal. Investors believe that this agreement will put the trade war on hold. If the truce continues, traders will probably try to find new catalysts though it might be unnecessary. Experts predict a volatile year if the markets continue to price in a high-risk premium.

Meanwhile, American equity futures have increased on Thursday, after the trade deal signing. The dollar remained steady, while European shares wavered. As a strategist at JPMorgan Asset Management, Hannah Anderson noted, it isn’t surprising markets have not rallied too strongly upon the final signing; given the wealth of speculation and commentary before Wednesday’s signing.

How are the significant stocks faring after the one-trade deal signing?

Taiwan Semiconductor Manufacturing Co. projected quarterly revenue. As analysts discovered, its estimation was higher than they assumed. The report caused Nasdaq 100 ‘s futures to rise again. Morgan Stanley also gained in early trading.

After the mixed session in Asia, the Stoxx Europe 600 Index alternated between gains and losses. West Texas crude also wavered. While the treasuries steadied after two days rising, some European bonds ended edged up.

Here are the main changes in the markets:

Stocks

Futures on the S&P 500 Index grew 0.3% as of 7:21 a.m. New York time. The MSCI Asia Pacific Index increased by 0.2%. The Stoxx Europe 600 Index changed insignificantly.

Currencies

The euro climbed 0.1% to $1.1157.The British pound increased by 0.2% to $1.3065. The Japanese yen fell 0.1% to 109.97 per dollar. While the Bloomberg Dollar Spot Index changed marginally.

Bonds

Britain’s 10-year yield decreased two basis points to 0.633%. The yield on 10-year Treasuries reduced to less than one basis point to 1.78%. Germany’s 10-year yield dipped two basis points to -0.22%.

Commodities

West Texas Intermediate crude reduced 0.4% to $57.60 a barrel. Gold changed a little at $1,555.93 an ounce.