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US President Donald Trump's hateful statements to the European Union and China have not weighed on prices, but have slowed the upward momentum. In the trade dispute with China, Trump reaffirmed its willingness to levy special taxes on all imports. In addition, he made allegations of handling the currency at the address of China and the European Union to swirl on the financial markets. In the European stock markets, Trump's statements led to price losses.
The dynamics on Wall Street were also slowing down: the Dow published just a little more than 0.16% on a weekly basis. In the previous week, the stock market barometer rose 2.3%.
The S & P 500 at the market scale fell 0.09% to 2801.83 meters. The Nasdaq 100 technology index closed with a loss of 0.03% to 7350.23 points hardly changed either.
After a strong fourth quarter of the 2017/18 fiscal year, Microsoft's shares placed themselves at the top of the Dow. They rose 1.79% to a record $ 108.20 early in the session. Thanks to a flourishing cloud activity, the software giant has significantly increased sales and profits and exceeded expectations. Analysts have raised the price targets for the stock to an equal extent. Investment expert Bern Moerdler, from Bernstein Investment House, spoke about "general soundness".
Honeywell gained 3.79% after the conglomerate realized better profits than expected in the last quarter, thus increasing its annual targets. Schlumberger papers declined after initial gains. The supplier of the global oil industry predicted a double-digit percentage growth in international activity
The American industrial icon General Electric (GE), in trouble, earned much less in the second quarter than at the same period last year. Investment Bank JPMorgan complained that GE had missed profit forecasts in traditional industrial activity. GE shares slid 4.44%
Fractionation fancy led to a nearly 3% increase in GlaxoSmithKline deposit slips. According to a press article, the chairman of the board, Philip Hampton, told the biggest shareholders of the separation of the company between a pharmaceutical division and vaccines and a sector of consumer goods. However, the company said in a statement on the article previous statements to stick to the three-pillar structure.
State Street Asset Manager's papers dropped after a recovery of more than 7%. The company wants to buy for $ 2.6 billion, the financial services provider Charles River Development. According to one observer, the acquisition would have a strategic significance, but should contribute positively to the results at the earliest in 2020.
In the US bond market, 10-year government bonds fell by 15/32 points to 99 26/32 points for a yield of 2,895%. The euro has risen sharply, the last time that he noted at the end of New York, currency trading at $ 1,1728. The European Central Bank (ECB) had previously set the reference price at 1.1670 (Thursday: 1.1588) dollars. The dollar had cost 0.8569 (0.8630) euros / bek / he
— By Benjamin Krieger, dpa-AFX —
(AWP)
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