Wall Street hits fresh all-time high at open amid trade optimism

The main US stocks indices opened at fresh record highs after White House economic adviser Larry Kudlow's upbeat remarks about the US-China trade talks spurred optimism.

Kudlow expressed his optimism that the first phase of the US and China trade deal is approaching, opposite to sever news reports about a deep deep hurdles blocking this move.

Federal Reserve Chairman Jerome Powell said before the House Budget Committee yesterday that the US economic growth outlook is moderate and the labor market is strong, adding that any economic disaster could be quite far off.

US data showed today that retail sales rose by 0.3% in October, while the industrial production fell by 0.8%, and import prices fell by 0.5%.

As for trading, Dow Jones rose by 0.3% or 85 points to 27,862 as of 15:07 GMT, Nasdaq surged 0.4% or 35 points to 8,510, and S&P 500 rose by 0.3% or points to 3,105.