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Dax, Wall Street close to highs as investors await Trump

2:58 PM 12 November 2019

Equity indices are close to 2019 highs both in the US for US500, US100 and US30 and in Europe for DE30 and FRA40 as traders await two key signals from the US president. First, Trump will provide remarks on trade today during a speech scheduled for 5pm GMT and investors want to know if reduction of tariffs on China is possible as a part of the Phase 1 deal. Donald Trump also needs to take a decision on possible tariffs on auto imports from Europe and this decision is expected tomorrow. In both cases market discount positive outcomes.

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