Press Release (ePRNews.com) - GENEVA, Switzerland - Nov 22, 2016 - Global markets are rallying after the 4 main indexes in the US all closed at record highs on Monday, a feat not seen since 1999.
Investors positivity over the economics expected from Donald Trump, the fiscal stimulus and infrastructure investment, all point to potential gains for the US economy and corporations. Cuts in taxes and a commitment to renegotiated trade deals have all been seen as a step in the right direction for the US and where it will be in 2017 after Trump is sworn in.
As equities rallied so too did commodities.
Most notably was the news out of Iran and the optimism that they would be able to agree a supply cut with OPEC early next week. The scheduled meeting in Vienna is looking more and more likely to be the venue where they finally agree to the terms of the supply slowdown. Iraq has also suggested they may be able to offer some concessions to secure the agreement. Both Crude and Brent closed the day up, Brent closing at $49.41 with Crude closing 0.73% higher at $48.59.
With investors looking to equities, safe havens such as Gold and Silver still managed gains as even the most seasoned investors look to hedge against January and the possible spanners that could be thrown in the works. Gold edge higher to $1,217.40 an ounce and Silver saw good gains, ending the day 1.26% higher at $16.83.
Asian markets are running higher following on from the US’s bumper day and European futures are all seeing gains.
Major Index Data as of 22.11.2016:
Dow Jones: 18,956.69 (+0.47%)
S&P 500: 2,198.18 (+0.75%)
NAS: 5,368.86 (+0.89%)
ASX 200: 5,480.60 (+1.13%)
Nikkei 225: 18,162.94 (+0.31%)
Hang Seng: 22,678.07 (+1.43%)
SSE Comp: 3,248.35 (+0.94)
FTSE 100: 6,829.78 (+0.76%)
DAX: 10,739.09 (+0.51%)
CAC: 4,558.46 (+0.64%)
BEL: 3,469.83 (+0.64%)
SMI: 7,863.40 (+0.15%)
As global markets rally, GTC Advisors expects it to continue till the end of the year. With the Federal Reserve looking more likely to increase rates in early 2017 and the economic measures Trump has claimed will be policy in January, US positivity should continue to drive global markets higher.
It is finally a positive time in the markets.
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Business Info : GTC Advisors