SP500 at record highs


On Wednesday, the SP500 index reached new all-time highs but failed to close there as the index slipped during the final hour. However, we can expect new highs today as equities are rising every day now. 

Markets are still eagerly awaiting a breakthrough in the next U.S. stimulus package, despite little sign of progress in talks. Moreover, the US-China trade talks are scheduled for this weekend, with China already lagging behind on its agricultural purchases, which were agreed during the phase 1 deal. 

Nevertheless, investors don't care about negative news and markets are heading higher every day. 

The greenback was in defense today and the EURUSD pair rose back above the 1.18 level.

Later in the day, the US jobless claims are due. Initial claims are expected to improve to 1,120K from 1,186K the last week while continuing claims should tick below 16 million.
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