US equity markets advanced, with all three benchmark indices carving out fresh record closing highs - Dow up +89-points or 0.30% (to 29,379.77) surpassing its previous record closing high (29,348.10) set back on 17 January. Boeing Co (up +3.6%) and Microsoft Inc (+2.1%). were among the leading index performers. The broader S&P500 +0.33% to remain on pace for its biggest weekly gain since June last year. NASDAQ +0.67%. China’s Ministry of Finance confirmed rumours circulating late yesterday AEST in confirming that tariffs on some US goods will be cut from 10% to 5%, and from 5% to 2.5% on others. The adjustments will take effect from 14 February. China’s finance ministry said the tariff cut was timed in conjunction with a U.S. decision last month to halve tariffs on roughly $120 billion worth of Chinese products.
