[ad_1]
The Dow Jones Industrial ended the last bell by 0.75% higher at 24,356.74 points, after increasing during the day to 24,372 points. Compared to the previous week, the leading Wall Street index has thus returned moderately in the profit zone. In addition, after a fight of several days, he finally managed to cross the line of 200 days that he had to face for a few days. The line of indicators of the longer-term trend has now reached 24,353 points
The S & P 500-wide market rose 0.86% to 2736.61 points. Technology stocks posted even more pronounced price gains: their Nasdaq 100 index rose 1.23% to 7101.04 points. In the sector in particular, the share of chip manufacturers was in demand, as evidenced by price increases of 2.6% at Intel and 3.7% at Qualcomm.
Stockbrokers talks about weaker trigger signals after a meeting of leaders of the German auto industry Richard Grenell. There has been a positive message in industrial circles after US President Donald Trump last threatened the EU with high import tariffs. Europeans had called for countermeasures in such a case.
The hope has appeased investors' fears of a setback because of the trade disputes that the United States also have with China. With the Asians, the tariff dispute continues to rock: Friday, 25 percent of special tariffs on imports from China to enter into force. China has already announced retaliation of similar magnitude.
Current US economic data provided a broadly solid picture of the US economy ahead of Friday's expected labor market report. The conclusion of the minutes of the Fed meeting, also published, was that the US monetary authorities continue to stick to the policy of slowly rising rates. According to analyst Jan Hatzius of Goldman Sachs, the central bank has drawn up a balanced balance sheet of commercial and inflationary risks.
Given the potential easing of the tariff dispute with the EU, the shares of US automakers like General Motors (GM) or Ford were 1, 3 or 0.6 percent of the winners, after have benefited significantly their colleagues from the industry of Europe. GM had recently warned Trump against the risk that import tariffs could also hurt the competitiveness of the US industry.
Praxair shares were also in demand at about 3%. In order to get closer to planned merger with its German rival Linde, the gas company is selling a $ 1 billion business package to Japan. From the point of view of analyst JPMorgan Chetan Udeshi, the approval of the EU's guardians of competition has become very likely.
Boeing was reluctantly accused of incorporating regional jets from his Brazilian competitor Embraer. The stock has fallen behind the market at a barely modified price level. In a $ 1 billion deal, Boeing wants to take over the majority of Brazilian airlines
US government bonds were not high on Thursday against the backdrop of investor-friendly stock markets. Ten-year bonds fell by 1/32 point to 100 10/32 points. They returned 2.84%
The euro rebounded above the 1.17 dollar mark on Thursday after robust data from the German industry, but then lost ground against the data American economies. More recently, the common currency was $ 1,1690. The European Central Bank (ECB) had previously set the reference price at 1.1770 (Wednesday: 1.1642) dollars / tih / fba
— By Timo Hausdorf, dpa-AFX —
(AWP) [19659013]
[ad_2]
Source link
