LONDON (Reuters) – Stock futures in Europe and the United States turned briefly positive on Tuesday and the trade-sensitive Australian dollar spiked higher after a report that U.S. President Donald Trump and Chinese President Xi Jinping had agreed on trade.
Traders quickly pushed up prices of the Eurostoxx 50 futures () and DAX futures () while S&P 500 futures () and Nasdaq futures () also rose in early London trading, but gains quickly evaporated as the media report referred to a previous phone conversation between the two leaders on Nov. 1.
The Australian dollar
Rising trade tensions between the world’s two biggest economies have dominated global markets this year.
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