The Signing of the One Trade Deal Already Affecting Stocks

After the phase one deal signing, the U.S. equities futures have increased on Thursday, and Bond yields rose. European shares wavered, but the dollar remained steady. The strategist at JPMorgan Asset Management, Hannah Anderson, said that it isn’t surprising that markets have not rallied too strongly upon the final signing, given the wealth of speculation and commentary before Wednesday’s signing.

Investors hope the agreement will stop the trade war. But experts predict a volatile year, especially if the markets continue to price in a high-risk premium. After setting multiple records during the last week, all three major U.S. stocks hit their all-time highs. Technology and financial futures on top of the rally.

Leading stocks continue to rise

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

West Texas crude fluctuated. And after the mixed session in Asia, the Stoxx Europe 600 Index alternated between gains and losses. Some European bonds ended edged up. But the treasuries steadied after two days rising.

See what changed in the markets on Thursday:

Stocks

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

Currencies

The British pound climbed by 0.2% to $1.3065. The euro advanced 0.1% to $1.1157. The Japanese yen fell 0.1% to 109.97 per dollar. Meanwhile, the Bloomberg Dollar Spot Index changed insignificantly.

Commodities

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

Bonds

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%. Britain’s 10-year yield decreased two basis points to 0.633%.