The early Tuesday trading is showing a flat US Futures to slightly positive open, for the market. The market sentiments are floating high with optimism. A Phase One Trade Deal is to be signed soon. But the gains are capped by uncertainty.
The two sides signing the deal have given strong indications that their tariffs will be rolled back. But the comments made by President Donald Trump have cast more than a dark shadow of doubt on the outlook. President Trump has denied of his agreeing to roll back tariffs. The traders are hoping that this statement made by Mr. President will be clarified later today only. President Trump is expected to deliver a speech before the Economic Club of New York and he is expected to speak on U.S. Trade Policy.
The National Federation of Independent Businesses released its monthly survey in the Economic News, this morning. Its small business survey rose from 0.6% to 102.4%, as small businesses are moving on from the fear of recession to the plans for expansions next year, that is, in the year 2020.
Eight out of Ten sub components have made positive contributions, including their plans for hiring. The Dow Jones Industrial Average, NASDAQ Composite and S&P 500 are all up by 0.5% during the early trading time.
The European markets have also shown modest growth on Tuesday. The investors are looking hungry because of the growth in trade.
The Brexit Party has agreed to stand aside from 317 seats, in an attempt to help Boris Johnson on his bid for clear majority.
Asian markets have shown a higher trend on Tuesday morning. The Nikki and Kospi both closed with gains of about 0.80%. the Shanghai Composite and Hong Kong Seng also posted small gains on the day.