rally in the world markets – even in the us: The Swiss Market Index (SMI) continues its ascent to the start of the week and closed on Monday with a gain of 0.83 per cent at 10’337 points. Another all-time high.

On Wall Street in New York, meanwhile, cracked a major record: The Dow Jones managed thanks to a Plus of 0.6 per cent to 27’490 points – a record. Because of the market breadth the S&P 500 improved its record from Friday, the stock market party on Wall Street perfectly.

stock party thanks to Trump

the reason for the good mood on the stock markets: prospects for an agreement in the trade dispute between the United States and China. It is speculated that the planned part-trade agreement between Washington and Beijing is on the verge of completion. The economic adviser of US President Donald Trump (73), Larry Kudlow (72), said more than one Chapter to agricultural products, financial services, and currency issues – were “practically finished”. At another point there is great progress.

The part-reached the agreement with China announced Trump in mid-October. The agreement creates a basis for a more substantial and comprehensive trade agreement with China, to be negotiated in the coming weeks.

In addition, the Trump-government wants to abandon, apparently on a punitive tariffs for cars from the EU for the time being.

Uber with a large loss of

Not Uber can join in the celebrations. The driving service broker that has celebrated this year its IPO, has retracted in the third quarter, a big loss. The bottom line is a decrease of $ 1.2 billion in the three months to the end of September, Uber announced on Monday after the U.S. market closes in San Francisco.

{TRANS costs increased in the most recent quarter compared to last year by almost a third to $ 4.9 billion. For investors, the Figures were not good, the share price fell after trading hours first, clearly. (nim)