(Washington) The New York Stock Exchange ended up on Monday, investors betting on a downward negotiation of the last customs duties announced by Donald Trump, who wishes to impose 30 % of additional surcharge on the European Union and Mexico.
The Dow Jones won 0.20%, the NASDAQ index advanced by 0.27% and the S&P 500, 0.14% index.
“The market has overall minimized” the new customs threats from Donald Trump, explains Peter Cardillo, by Spartan Capital Securities.
The American president announced the tax on Saturday from the 1is August of customs duties of 30 % on products from Mexico and the European Union imported into the United States.
Despite the threats of Mr. Trump on a possible increase in American surcharge in the event of retaliation, the European Commission proposed on Monday to the 27 EU countries a list of possible reprisals up to 72 billion euros.
However, “the market bets that these customs duties will not be applied to these levels by 1is August ”, according to Mr. Cardillo, hence the increase in clues on Monday.
“Wall Street has decided to ignore (C) es threats” and “is rather concentrated over a week loaded with economic data”, underlines in a note Jose Torres, of Interactive Brokers.
The American square is waiting for the publication on Tuesday from inflation on the consumer side (ICC) and producers (PPI) on Wednesday.
“The repercussions of customs duties and the ephemeral increase in energy prices during the war between Iran and Israel should have pushed the prices for consumer and upward production in June,” said Comerica Bank.
This data could give information about the CAP favored by the Federal Reserve (Fed).
The vast majority of investors believe that the American central bank will maintain its rates at their current level after its next meeting on July 30, according to the CME tool, Fedwatch.
But they are less and less to anticipate a rate drop in September.
On the bond market, the yield of the American loan at ten years stretched at 4.43 % around 4:25 p.m. (Eastern time), against 4.41 % on Friday at the end.
On the business side, “The season of results starts tomorrow, […] The session could be very interesting and volatile, ”comments Mr. Cardillo.
The banker sector will be in the spotlight on Tuesday: investors will notably monitor the results of Wells Fargo (+1.07 %at the end on Monday), JP Morgan (+0.64 %) and Citigroup (+0.89 %).
At the rating, the Kenvue pharmaceutical group (+2.25 % at $ 21.83), manufacturer of Tylenol and Neutrogena products, was sought after announcing the resignation of its boss, Thibault Mongon.
The values associated with the cryptocurrency sector was pushed by the new Bitcoin record, like the Coinbase exchange platform (+1.80 % at 394.01 dollars) and Robinhood (+$ 1.65 % to 99.96 dollars).
The alcohol distributor Constellation Brands lost 4.42 % to 164.58 dollars, investors worrying about the impact of Donald Trump’s customs threats on imports of Corona and Modelo beers from Mexico.
The US Foods food distribution specialist increased 1.76 % to $ 81.97 following information from the Bloomberg agency that the group could buy its competitor performance Food Group (+2.61 % to 97.28 dollars).
TSX increasing
The Toronto Stock Exchange closed Wednesday’s session on a gain of 0.65 %, fed by the information and industry technology sectors.
The S & P/TSX compound index of the Toronto prosecutor’s office took 175.60 points to complete the session with 27,198.85 points.
On the currency market, the Canadian dollar has been negotiated during the means of 73.03 Cents US, down compared to that of 73.08 Cents US on Friday.
Canadian press