AM Report 10 Apr 18: Markets lost momentum towards the close

US sharemarkets rose on Monday but ended off the highs. Reuters reported that "US President Donald Trump's economic adviser Larry Kudlow told CNBC that the president may be open to forming an international coalition to grapple with Chinese trade issues." Chinese President Xi Jinping speaks at the Boao economic conference in Asia on Tuesday. At the close of trade, the Dow Jones index was up by 46 points or 0.2% after being up by 440 points in afternoon trade. The S&P 500 index rose by 0.3% while the Nasdaq gained 35 points or 0.5%

 

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