Market News Today 2019-02-25
2019-2-25 11:14 | By : Mex Group News
- The U.S. dollar was on track to end the week in negative territory on Friday amid statements from U.S. officials including President Donald Trump that indicated positivity on the trade front.
- The Federal Reserve reiterated on Friday a patient stance on future interest-rate changes in a robust domestic economy that faces potential headwinds including slower global growth and market volatility.
- The Irish deputy prime minister has said he hopes that major legislation his government has prepared to manage a no-deal Brexit will never be used.
- Ian Austin has become the ninth MP to quit Labour this week, blaming leader Jeremy Corbyn for "creating a culture of extremism and intolerance".
- European Central Bank President Mario Draghi launched into a defense of the European Union project as a way for countries to protect their sovereignty in an increasingly uncertain global environment.
- White House officials are discussing a possible summit on trade between President Donald Trump and China’s Xi Jinping as early as next month, according to people familiar with the matter, as trade talks in Washington reach a crucial point.
- Oil rallied Friday to a high of more than three months, with gains padding the commodity's weekly advance.
- Gold settled higher Friday as the dollar weakened, with bullion booking its second straight weekly gain, a day after the metal’s largest one-day drop since August.
- The Dow closed higher Friday on trade optimism after President Donald Trump said there is a "very good chance" a trade deal can be made with China.