New York Stock Exchange, Trump-Yuks



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On the New York Stock Exchange, the leading index began Tuesday with a moment of tension before the meeting of US President George W. Bush with US President George W. Bush and the President of the European Commission, Joseph Donald Trump.
At 9:37 am, the Dow Jones Industrial Average fell from 76.40, or 0.30 percent, to 25,165.54 on the New York Stock Exchange (NYSE).
The Standard & Poor's 500 index was down 0.55 or 0.02% at 2,819.85, while the technology-heavy Nasdaq rose 16.30 or 0.21% at 7 857.07.

In the afternoon, Mayor Trump and President Jukkul meet to see if there is a solution for car rates.

Corporate earnings announcements are still variable.

The tension between the United States and the EU becomes tense as they begin to catch up with the auto tariff negotiations.

Trump told a twitter all day that both sides offer a solution to eliminate tariffs, saying, "We are ready for this and they want to do it, but they will not do it."

EU Trade Commissioner Cecilia Lemstrom warned that the US would not impose tariffs, warning that if the US imposed tariffs, it would impose tariffs of $ 20 billion US dollars.

Trump also expressed confidence in his commercial policy via Twitter this morning.

He told legislators who oppose tariff policies, saying, "If there are those who negatively influence the negotiations, the negotiations can take a long time and the results may not be as good. that they can be, "he said. It's going well, so stay calm and the end result will be worth it. "

Trump, however, made a strong criticism of China, saying that he was "running wild."

The performance of large companies has also become negative.

GM has reduced its adjusted earnings per share forecast to $ 6.0 from $ 6.30 to $ 6.60 this year due to higher commodity prices due to war problems commercial and exchange rate.

Fiat Chrysler also trimmed its earnings forecast this year, raising concerns about the company's future earnings.

Although Boeing's overall performance has been robust, overall weakness is mainly due to weaker civil aircraft sales and lower equity prices before the market opens.

In pre-trading, GM stocks plunged 5% and Fiat Chrysler shares fell 8.9%. Boeing's shares also fell 2.7%.

There were no economic indicators published before the opening day. After the opening, new home sales and weekly crude oil inventory indicators will appear in June.

New York stock market watchers watched the results of the talks between the United States and the European Union today.
The chief investment officer of Eagon Asset Management, Olaf van den Hoebel, said: "If the remarks related to trading are only a trading strategy, the impact will be limited, but if a tariff substantial is actually taxed, the impact will be inevitable.It will be hit harder. "

European stock prices also declined.

The pan-European Stoxx 600 index fell by 0.32%.

International oil prices have increased. The West Texas Intermediate (WTI) price for September was $ 68.78, up 0.36% from the previous trading day, while the Brent crude price rose 0.57 % to establish at $ 73.86.

According to the Chicago Mercantile Exchange (CME), the Federal Reserve (FF) interest rate futures market indexed the possibility of a 25bp interest rate rise in September of this year 89.1%.

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(New York News-Yonhap)

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