[ad_1]
Overnight on Wall Street, stocks have gone up. The Dow Jones Industrial Average rose 91.87 points to 25,717.46 points and the S & P 500 0.4% to 2,815.44 points – on track for its best performance in the first quarter since 1998. Nasdaq Composite rose 0.3% to 7,669.17.
Movements in the United States were announced following a Reuters report that the Chinese authorities had made unprecedented offers regarding forced technology transfers as well as other items. blocking. Robert Lighthizer, US Trade Representative, and Treasury Secretary Steven Mnuchin, arrived in Beijing for further negotiations.
Investors closely watched the dispute between the two economic powers, as the bond market sparked growing concerns, as the bond market signaled that a recession could soon occur.
"I think that in the end we will be rewarded with an agreement that both parties will proclaim … a fantastic victory," said Rob Carnell, chief economist and head of research for the Asia-Pacific region at ING Bank, in the CNBC "Squawk Box" show. Friday.
"The thing to keep in mind is that it's a process," Carnell said. "No matter what we get out of it, it's nice to say," Okay, okay, let's draw a line below this step, now we have to look forward to all the other things that we have not settled "."
The 10-year Treasury rate hit its lowest level since December 2017 on Thursday. This comes after the same bond fell below its counterpart at three months last week – a phenomenon described as a reverse yield curve, seen as an early indicator of a recession.
The US dollar index, which compares the greenback to a basket of peers, was at 97,199 after bottoming below 97.0 yesterday.
The Australian dollar was 0.7088 dollars after a weakening against 0.71 dollar at the previous meeting.
Oil prices rose in the afternoon trading hours in Asia, as futures contracts on Brent rose 0.43% to $ 68.11 a barrel. US futures have also risen 0.52% to $ 59.61 per barrel.
– Fred Imbert of CNBC contributed to this report.
Source link
