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The first official day of the trade war today, and Wall Street investors did not seem to … sweat
They poured a lot of sweat over the past month, amid multiple threats Tramp and his commercial allies. Today, the United States has imposed tariffs of $ 34 billion on Chinese products, but investors have applied the famous "buy in the reputation" to the news. "
In fact, the market is putting on a de-escalation (19459002) However, the trade war is far from over (in fact, it is just beginning), but the trade war has not taken end and the positive sign of the "withdrawal" of the Trab and the EU in terms of tariffs for car manufacturers, .As a result, allowing tensions to dwindle, investors "hit" the strong US macro as well as the rise in oil causing significant increases, while technologies provide great support
Indicators
Inside this climate, Dow Jones gains 0.41% or 100 units to 24,455 , S & P posted a gain of 0.85% to 2,759 points and Nasdaq rose by 1.34% to 7,688.
In the industrial index, followed by Walgreen Boots (+ 1.6%) and McDonalds (+ 1.4%), while the largest decline was recorded for all Caterpillar (-0.4%) and Walmart (-0.2%).
In the market for In the early days, oil prices rose 1.2% to $ 73.80 a barrel while the price of gold fell 0.2% to $ 1,255 / oz
On the Forex Market , the dollar fell 0.4% against the euro at 1.1745 vs. 1.1692 the day before. US 10-year fell two basis points to 2.81%.
Trade climate
Earlier, Washington set up 34 billion US dollars in Chinese raw materials and Beijing responded
A spokesman for the Chinese Ministry of Commerce said Friday that Beijing had been forced to respond "while the United States started the biggest trade war in economic history".
However, Trab seems out of the question China's retaliation, saying, "First 34 billion (rights) and then 16 billion in two weeks.Then, as you know, we expect 200 billion dollars (customs) and after 200 billion, we still have 300 billion waiting, so we have more than 50 and 200 closer to 300. All this only for China. "
Macro
In particular, US employment grew faster than expected in June, while wages increased moderately.
The Ministry of Labor reported that 213,000 new jobs were created the previous month, compared to 200,000 predicted by badysts.
The unemployment rate also rose to 4% from the 18-year low of 3.8% in the workforce.In particular, the labor force participation rate was Was 62.9% the previous month, up from 62.7% in May. s, the average hourly wage was 0.2% higher in June after a 0.3% increase in May
Source: www.newmoney.gr
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