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1. Dow opens higher after Trump delays in China
NEW YORK, NY – SEPTEMBER 03: People walk along Wall Street in Manhattan Financial District on September 3, 2019. New York City (photo by Spencer Platt / Getty Images)
Spencer Platt | Getty Images News | Getty Images
US futures were signaling greater openness to Wall Street on Thursday, in the aftermath of President Donald Trump's publication of a tweet of "goodwill" on some of its tariffs in China. The Dow Jones Industrial Average extended its winning streak to six sessions, closing Wednesday at 27,000. Bond yields were lower. Following Thursday's meeting, the European Central Bank reduced its deposit rate and launched a new bond purchase program. The Federal Reserve is also expected to ease its monetary policy next week, with a reduction in its interest rate for the second quarter of the year.
2. Latest consumer price report may be included in Fed's next week's rate decision
Grocery clerk James Delarosa takes inventory of the vinaigrette and condiment aisles at a Publix Super Markets Inc. grocery store in Knoxville, Tennessee.
Luke Sharrett | Bloomberg | Getty Images
In addition to the ECB, the most recent consumer price decisions in the US could be included in the Fed rate decision next week. In August, the consumer price index of the government increased by 0.1%, which is in line with estimates. On Wednesday, the producer price report showed an unexpected rise in August.
3. China welcomes the delay in Trump's tariff schedule pending trade negotiations scheduled for next month
China's official media said Beijing was pleased with Trump's decision to postpone the scheduled increase of the 25% to 30% tariff rate on Chinese goods by 15 weeks to 15 October, Trump reported on Twitter. Liu He, Prime Minister of China, and considering that the People's Republic of China will celebrate its 70th anniversary "on the date initially set for the customs tariff, October 1.
Earlier Wednesday, China announced its intention to exempt 16 types of US products from additional tariffs for one year starting Tuesday. High-level negotiations to end the year-long trade dispute between the United States and China will take place next month.
4. Oil prices fall after announcement that Trump plans to relax sanctions against Iran
Oil prices in the United States were down on Thursday morning, adding to the nearly 3% drop on Wednesday after a report that Trump suspected easing of sanctions against Iran to help get a boost. meeting with Iranian President Hassan Rouhani later this month. The easing of sanctions against Iran could lead to a flood of crude oil while global demand remains worrisome. The recently departed National Security Advisor, John Bolton, has spoken out against the move, according to Bloomberg. Treasury Secretary Steven Mnuchin reportedly expressed support at a meeting at the White House on Monday.
5. Trump, for the moment, decides not to reduce taxes on capital gains
US President Donald Trump addresses the press before he leaves for North Carolina on the South Lawn of the White House on September 9, 2019 in Washington, DC. (Photo by Chen Mengtong / China Press Service / VCG via Getty Images)
Chen Mengtong | Visual Group China | Getty Images
Trump has ruled out cutting taxes on capital gains for the time being. The White House said the decision was made after the President of the Republic met with advisers on Wednesday to discuss possible tax policy changes, including a proposal that he appeared to have evaded several weeks ago. . Last month, Trump said that indexing taxes on capital gains on inflation could be perceived as elitist. The plan could reduce taxes that investors pay on profits from the sale of assets.
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