European Open Preview – Risk appetite boosted as US and China call ceasefire in trade war
Posted on May 21, 2018 at 8:16 am GMTHere are the latest developments in global markets: FOREX: The US dollar index – which tracks the greenback’s performance against a basket of six major currencies – was 0.3% higher on Monday, touching a fresh high for 2018. Meanwhile, the safe-haven Japanese yen continued to lose ground, weighed on by signs that trade tensions between the US and China are easing. STOCKS: Wall Street closed lower on Friday, for the most part. While the S&P 500 and the Nasdaq Composite [..]