Market Comment | Stocks climb as investors await today’s Fed minutes

Summary

Markets regained risk appetite amid some positive news on the trade front, better-than-expected earnings in the U.S. retail and hopes of a more stable government in Italy. Investors will closely watch today’s Fed minutes for better insight on the decision to cut rates last month.

Key points

• Key points:
• American and European equities climbed with Italian shares outperforming other indexes.
• Italy’s risk premium extended its narrowing.
• U.S. Secretary of State Pompeo said that the trade war could be resolved by 2020 U.S. presidential elections.

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