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Global Markets: Trade optimism underpins stocks

By MarketsFarm

WINNIPEG, Dec. 24 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Optimism over improving trade relations between the United States and China helped North American stock markets trade near record highs in thin pre-Christmas trade on Tuesday. Markets close early today and remain closed through Christmas. Canadian markets will also be closed on Boxing Day, while activity in the U.S. resumes a day earlier.

– Prince Philip, 98, has gone home to the Sandringham Estate in Norfolk after four nights in a London hospital. The prince was in the hospital as a precautionary measure. Prince Philip retired from public life in 2017. In her annual Christmas Day message, his wife Queen Elizabeth described 2019 as a ‘bumpy’ year.

– Russia will extend the detention of Canadian-American Paul Whelan until March 29, according to reports. Whelan, who lives in Michigan, holds British, Irish, Canadian, and U.S. passports. He was accused of spying by Russia a year ago.

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