Wall Street markets ended yesterday with the sharpest two-day jump since the US presidential election in November on the back of favorable financial reports from a number of prominent American companies, including McDonald’s.
The S&P 500 climbed by 0.6%, the Nasdaq Composite Index added 0.7% and closed at a record high after breaking its 6,000-point mark for the first time in its history.
Asian markets traded today with gains.
Tokyo added more than 1%, Hong Kong is up 0.5%, Shanghai adds 0.1%, Singapore is up 0.4%.
The Asia Dow index adds 0.6%.
The markets are encouraged by the results of the companies published yesterday, in the US and they are looking forward to Trump’s announcement regarding his tax reform, which will take place later today.
The Canadian dollar continues to decline following Trump’s decision to impose a 24% tariff on some of the tree types.
The Australian currency is falling at the background of inflation data, which didn’t reach the central bank’s target.