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The global stock market indices were submitted Tuesday amid fears of a trade war between the United States and China as they resumed a new round of negotiations and the results of major international companies were lower than expectations, while European and US indices have declined in the region. While Asia escaped due to larger than expected results for large companies.
On the New York Stock Exchange, the Wall Street index fell Tuesday and the Dow has lost about 140 points, due to the uncertainty of trade and the outlook for monetary policy.
US President Donald Trump has accused China of blocking trade talks ahead of the US presidential election as the two countries complete the talks after they are held in May.
Investors are paying attention to the results of the Fed meeting, which began Tuesday and continues for two days, with high expectations for rate cuts.
US companies continue to report financial results for the second quarter, with P & G posting a loss, while badysts' estimates have exceeded expectations.
In US economic data yesterday, US housing prices slowed in May, while personal spending in the US rose at the slowest pace in four months.
The Dow Jones Industrial Average dropped 0.5%, or 142.1 points, to 2,709.1 points.
The Standard & Poor's lost 0.6% to 3001.5 points and the Nasdaq lost 0.7% to 8231.9 points.
On the European continent, European stocks fell yesterday, the dark forecasts of German giants Bayer and Lufthansa have weighed on investor sentiment, while the decline in the pound sterling has strengthened the main London stock index, better than the US. market for the second day.
The German Bayer lost 4.4%, becoming the last agricultural supplies company affected by sinking farms in the United States due to floods and trade disputes. It has become more difficult to reach its goal of making profits throughout the year.
The German airline Lufthansa lost 3.5% after a decline in profits in the second quarter and said the European market would remain very difficult this year. The investigation revealed. F. German consumer confidence declined for the third consecutive month as August approached, as a result of trade disputes and the global economic slowdown that affected the largest exporter of merchandise. Europe.
All this led the German DAX to fall by 0.2%, while the Stoxx 600 index of European stocks fell by 0.2%, the British Financial Times 100 reaching its highest level in 11 months, supported by a 3% jump in BP Energy.
In Asia, major stocks rallied and Japanese indices led by technology companies jumped. Investors outperformed the weaker previous quarter and were looking for a recovery in the next few seasons.
The Nikkei benchmark <.N225> rose 0.43% to 21,709.31, closing near a peak of 21,823 in two and a half months. Shares of chip maker Chipmaker Holdings jumped 3.5%, although the company has trimmed its estimated annual net profit by 5.6%, due to lower sales in its business related activities. 39, printing and an increase in costs.
Investors also took the shares of other technology companies that were feared by escalating US-China disputes over trade and technology issues.
Fanuk Corp. jumped 3.1% after its quarterly earnings exceeded badysts' expectations, although the robot maker lowered its annual earnings guidance due to the confusion of trade disputes.
Hitachi also exceeded expectations and increased by 3%, despite the announcement by the company of a 16% decline in its quarterly operating profit due to the deterioration of the smart phone market and items related to the automobile.
Kawasaki Heavy Industries lost 5.7% after the heavyweight and transportation equipment manufacturer announced its first quarterly net loss in 10 years between April and June. Japan's industrial output fell more than expected, falling to 3.6%, reaching its lowest level in a year and a half in June, but this did not shake investor confidence. The broader TOPIX index rose 0.45% to close the session at 1,575.58 points. (Agencies)
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