30 August 2018 : Positive news was also flowing from the U.S. leading to new record highs in the S&P 500 and the Nasdaq. President Trump is optimistic that Canada will join Mexico’s and the U.S.’ trade agreement. Canadian Prime Minister Justin Trudeau also shared Trump’s optimism indicating there’s a possibility a trade deal that includes Canada could be reached by Friday. With U.S. midterm elections about two months away, I believe Trump wants to strike deals, not just with Mexico and Canada, but probably the European Union too. This should continue fueling the rally in equities at least in the short run given that economic fundamentals and earnings remain robust.

Source: Hussein Sayed, Chief Market Strategist at FXTM

Reporting for EasyKobo on Thursday ,30 August 2018 in Lagos, Nigeria