Naaju Breaking News, Live Updates, Latest Headlines, Viral News, Top Stories, Trending Topics, Videos

Wall Street tries to resist the tariff war

[ad_1]

Wall Street "title =" Wall Street "src =" https://static.milanofinanza.it/img/1.gif "data-original =" https://static.milanofinanza.it/content_upload/img/ 2018/07/201807091643482940 / wall-street3-874955.jpg "/> </figure>
</div>
<p> US stock prices have opened, the focus, in a session without significant macroeconomic data, remains on the trade shock between the states United States and the rest of the world, but on weekends there has not been escalating tensions, a sufficient element to justify the optimism of the market.The Dow Jones is up from 0.78%, while the S & P 500 gains 0.51% Nasdaq Composite increases by 0.63% </p>
<p> The market "may surprise for the factors on which it focuses its attention," says Art Hogan, B. Riley FBR's chief market strategist, "now we are focusing again on fundamentals and anything that distracts attention from the trade conflict is positive. </p>
<p> New duties of 25% on 34 mil entered into force on Friday. US import dollars from China, to which Beijing responded with similar rates in percentage and size. The Trump administration has announced that within two weeks the rights will come into effect by 25% on another 16 billion goods and the Asian country has already indicated that it will react accordingly. Last week, the tenant of the White House reiterated the threat of other rights 25% out of 200 billion imports, which could be followed by measures on 300 billion additional imports, for a total of 550 billion (up to last week, the According to Moody's estimates, if all the new measures announced (including those on imports of cars and US parts) with retaliation from other countries, enter the effect of reduced growth in the United States could be between 0.5% and 1.3% .Russia also announced retaliation against the tariffs of US imposed steel and aluminum, with measures of about $ 90 million, after measures implemented by Canada, Mexico and the EU sectors of the American economy (agriculture, manufacturing), the phase of solid expansion mas that costs the new functions and reduces the willingness of the US administration to follow the interventions on the functions opening of negotiating tables to review the trade agreements ", say the economists of Intesa Sanpaolo [19659005]. For experts, "the tariff war could thus deepen and lead to a general slowdown in growth in 2019-2020, when the effects of the fiscal stimulus will disappear in the United States and monetary policy will come closer. a restrictive phase ". [19659003] On the currency front, the euro / dollar cross is at 1.1759. On bonds, the two-year Treasury yield is 2.569%, while the 10-year yield is 2.885%. </p>
</div>
</pre>
</pre>
[ad_2]
<br /><a href=

Tags resist street tariff Wall WAR

Related Articles