Traders Give Thumbs Up to Trump-Xi Truce With Wary Eye on 2019
U.S. futures soar, stocks rally in pre-market trading
Markets cheer relief, but see challenges in months ahead
Donald Trump, Xi Jinping, and members of their delegations, at a dinner meeting during the G20 Summit on Dec. 1.Photographer: Saul Loeb/AFP via Getty Images
U.S. stocks are rallying in pre-market trading as investors and analysts cheer the outcome of Donald Trump and Xi Jinping’s trade-focused weekend dinner. While markets may not embark on a sustained risk rally, the truce is bringing relief.
Alec Phillips, economist at Goldman Sachs Group Inc.:
