- Global markets surged after Trump extended the trade tariff date
- Bitcoin is down 5 percent from its weekend high
- CannTrust shares to begin trading on the NYSE
The Dow opened in the green on Monday amid easing trade tensions between the US and China. US President Donald Trump on Sunday postponed the trade-tariff deadline between the two countries. Conversely, luck didn’t play too well for crypto investors as Bitcoin retreated to $3,800 levels after smashing through $4,000 resistance during Saturday’s mini rally.
Chinese Stocks Gain on US Exchanges
At the time of writing, Dow Jones Industrial Average futures have surged by 157 points from its Friday close. News surrounding biotech merger added fuel to the optimistic investor sentiment as Netflix (NFLX) entered into an attractive buy range after having an enormous night at the Oscars.
The Dow saw a cascading effect of easing trade tensions between the two largest economies in the world as the US-listed Chinese stocks, and in specific, some of the recent IPOs like Huya (HUYA), Pinduoduo (PDD) and Qutoutiao (QTT) emerged as the early gainers on Monday morning. Other Chinese giants like JD.com (JD) and Alibaba Group (BABA) also posted strong gains.
On the other hand, at the time of press, Bitcoin is trading at $3,885, down about 5 percent from its above $4,200 figure on Saturday.
Pot Trades on NYSE
Investors will be keeping a keen eye on the shares of the Canadian cannabis firm CannTrust Holdings Inc. as it looks set to make its debut on the NYSE on February 25, 2019.
The growing pro-cannabis movement the world over has made pot stocks a hot favorite of many professional investors. Shares of CannTrust will trade under the ticker symbol “CTST.”
It’s worth highlighting that investors who purchased the company’s shares on the OTC Markets Pink Open Market, under the ticker “CNTTF” will also be eligible to trade the company’s shares on the NYSE from today.
Peter Aceto, the CEO of the company said:
“We are a fast-growing company that is continuously looking to increase our international presence. The NYSE listing is another significant milestone in the evolution of CannTrust and we are excited to share more about our planned growth initiatives in the near future.”