Optimism that the US is moving swiftly to secure trade deals with its key partners, and that Republicans are set to approve US President Donald Trump’s key tax bill soon, helped propel Wall Street to record highs in its final session of the week.
The advance on Friday (Saturday AEST) capped a week that saw a cooling in Middle East risks and signs the US economy is holding up amid subdued inflation. A rally in Treasuries stalled. The US dollar advanced.
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Timothy Moore writes on equities, commodities and monetary policy. He writes Before the Bell and contributes to the Markets Live blog. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com
