1/16, 10:30 AM (Source: TeleTrader)
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US rises premarket as China deal signed

Shares on the Wall Street traded higher in the premarket on Thursday after United States President Donald Trump and Chinese Vice Premier Liu He signed the phase one trade agreement between the world's two largest economies. According to Trump, once the accord "kicks in," that is 30 days upon signing, phase two of trade negotiations will begin. However, Liu He noted today, that it would be "unwise" to hasten a phase two trade deal with the United States.

Meanwhile, investors are waiting for the US data to be reported. US Census Bureau will publish Retail Sales results, while the US Department of Labor is expected to report about Initial Jobless Claims. Also, the National Association of Home Builders will release the NAHB Housing Market index.

The Dow Jones Industrial Average index rose 0.38% at 4:30 am ET. The Nasdaq 100 was up 0.47% concurrently, as the S&P 500 increased by 0.40%.

The euro traded flat against the dollar at 4:30 am ET, going for $1.11534.

Breaking the News / TF