The Dollar has extended its gains versus major currencies during US trading and the S&P 500 is up nearly 1%. If the S&P 500 manages to hold onto its gains today it will be first time in a month that it manages three consecutive up days. Markets have seemingly taken some comfort from White House Economic Adviser Larry Kudlow saying that the US and China should work out their trade differences over time and trade barriers likely “will come down on both sides.” This tit-for-tat between the US and China continues to dominate the airwaves and is seemingly the main market mover for now although tomorrow’s US employment and wage data for March are likely to get a look-in.
