Stocks Get A Small Lift After Rally
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According to Reuters, Soothing words from the world’s top central banks helped stocks consolidate a strong start to 2019 on Friday, while China’s yuan capped its best week since it shed its dollar peg in 2005. Stock markets were lifted by more promises of patience from the Federal Reserve, the ECB mulling more cheap money and trade talks between Washington and Beijing moving to higher levels. Asia crawled to a 5-week high and Wall Street futures were down a touch [.N] but European stocks [.EU] clung to a fourth day of gains and their longest winning streak since September.