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BANGKOK (AP) – European equities regain strength Tuesday and Wall Street seems to gain ground as Mexico tries to ease trade tensions with the United States, while President Donald Trump meets with British Prime Minister and key leaders amid questions about Brexit.
A report showing that the unemployment rate has fallen to its lowest level in more than a decade in the 19 countries that use the euro also seems to have helped European markets. The German DAX led the way with a rise of nearly 0.9% to 11 893. The British FTSE 100 rose by 0.1% to 7 194 and the CAC 40 in France also rose by 0.1% at 5,247.
Wall Street seemed poised to rise to prominence, with the future contract for the Dow Jones Industrial Average rising 0.4% to 24,986. The future of the S & P 500 index stands at 2 761, up 0.4%.
The Mexican authorities turned to Twitter to let them know that they were working to defuse immigration tensions and avoid punitive tariffs on all Mexican exports to the United States that Trump had threatened last week. The announcements of meetings in Washington this week and carefully crafted optimism messages – combined with Trump's trip to Europe – may have diverted the attention of Mexicans and Americans. trade tensions and concerns about technology stocks.
Monday's news that the Trump administration was considering anti-trust measures against tech giants sparked a selloff, pushing the Nasdaq composite index to a correction, Wall Street is talking a drop of 10% or more from a peak.
The Nasdaq hit its all-time record early last month, before the trade dispute between the US and China escalated, causing a one-month slide. The Nasdaq fell 1.6% to 7,333.02. It is now down 10.2% from its all-time record of May 3rd.
Previously, in Asia, Hong Kong's Hang Seng dropped 0.5% to 26,758.55 and the Shanghai Composite Index fell 1.0% to 2,862.28. In Japan, the Nikkei 225 index has halted to 20,408.54. Kospi in South Korea fell by less than 0.1% to 2,066.97.
The Australian S & P ASX 200 rose 0.2% to 6,332.40 after the central bank announced a reduction in its key rate of 1.5%, a record of 1.25%. This was the first rate cut in almost three years.
"Assuming banks cut rates by 0.25%, deposit rates will be at their lowest since the mid-1950s and mortgage rates at their lowest since the early 1950s, although some rates already hit a record low, "AMP Capital's Shane Oliver said in a comment.
He suggested that other cuts could be considered.
"The rate cuts are like cockroaches, and if you see one, there is normally another one nearby," he added.
CURRENCIES: The dollar fell to 107.97 Japanese yen, against 108.07 yen on Monday. The euro strengthened to go from $ 1.1224 to $ 1.1260.
ENERGY: The benchmark US crude slid 66 cents to 52.59 dollars a barrel in electronic trading on the New York Mercantile Exchange. On Monday, it slipped 0.5% to settle at $ 53.25 a barrel. Brent crude oil, the international standard, fell 85 cents to 60.43 dollars a barrel. It closed down 1.1% Monday at 61.28 dollars a barrel.
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