US Index futures rallied as both US and China were hopeful of a positive outcome in regards to the ongoing trade talks. It is believed that the world’s largest economies are pushing to pen a deal before the March 1 deadline. The Nasdaq 100, US500 and US30 in particular, made significant gains as there is genuine optimism over a deal. This was backed by President Trump’s willingness to meet with his Chinese counterpart. Furthermore, it appears a deal in principal has been agreed over border security in the US; however, the democrats clarified funds will not be given towards the Trump’s border wall. This deal gives confidence to investors as it demonstrates that US lawmakers are looking for ways to find common ground and prevent a second government shutdown.
On this side of the pond, the UK Prime Minister Theresa May is set to update parliament on her Brexit plan. European markets edged higher as overall positive market sentiment was linked to US-China trade talks.
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