In addition,
Customs duties inflation | wall:
(Washington) The New York Stock Exchange finished in dispersed order on Tuesday. Consequently, undermined by the latest developments on the commercial front and by the figures of American inflation, the Nasdaq taking advantage of the climb of Nvidia. Therefore,
Updated yesterday at 4:58 p.m.
The NASDAQ index, which concentrates technological values, won 0.18 % and reached a new record, at 20,677.80 points. Nevertheless, The enlarged S&P 500 index lost 0.40 % and the Dow Jones fell 0.98 %. Therefore,
Actions “fell due to new concerns about customs surcharge,” comments in a note Jose Torres, of customs duties inflation | wall Interactive Brokers. In addition,
Donald Trump announced Tuesday that it had reached a trade agreement with Indonesia. Meanwhile, which could allow the country of Southeast Asia to avoid being imposed on customs duties beyond the 10 % floor imposed by Washington. In addition,
The American president announced that he wanted to obtain several dozen trade agreements before 1is August. Similarly, but so far, only three agreements (United Kingdom, Vietnam and Indonesia) have been announced, while the White House had assured that it is able to sign up to 90. Nevertheless,
The changes in the CAP of the administration in trade were “quite chaotic”. Therefore, sums up with AFP Art Hogan, by B. Moreover, Riley Wealth Management.
“The markets are destabilized by the trade measures taken by customs duties inflation | wall Trump. with more negative than positive in recent times,” added the analyst.
In terms of indicators, investors have digested new data on inflation on the consumer side which increased in June by 2.7 % over a year, compared to 2.4 % in May, according to the CPI index.
If this acceleration is online with analysts’ expectations. it is the second consecutive month of increase over a year, when it had tended to get closer to the target of 2 % increase over one year, targeted by the American central bank (Fed).
“The report is better than we feared. but not enough to dissipate the fear that customs duties would lead to an increase in inflation,” explain briefing.com analysts in a note.
“The expectations of reduction in customs duties inflation | wall interest rates have decreased significantly” after this data, they add.
While most of the investors anticipated a drop at the Fed’s September meeting. they are now almost as much to estimate that the institution could again extend its status quo, according to the CME tool, Fedwatch.
The publication of the index caused an increase in American bond rates: the. return of the borrowing at ten years increased from 4.43 % at the end on Monday at 4.48 % around 4:15 p.m. (Eastern time).
Wednesday is expected the inflation on the producer side, there too for the month of June.
Elsewhere, at the coast, the nvidia semiconductor giant (+4.04 % at 170.70 dollars) supported the NASDAQ after announcing Tuesday resuming the sales in China from an advanced customs duties inflation | wall electronic flea model for. artificial intelligence (AI).
In early July, Nvidia was the first company to cross the historic threshold of $ 4,000 billion in valuation. This announcement could still push the title, according to analysts.
The quarterly banks’ quarterly results have not all convinced Wall Street: JPMorgan Chase (-0.83 % at 286.30 dollars) and Wells Fargo (-5.49 % to $ 78.85) fell despite better performance than expected.
Blackrock, the largest asset manager in the world, fell 5.87 % to 1040.52 dollars, despite turnover and profits increasing in the second quarter.
The American bank Citigroup has advanced (+3.61 % to 90.66 dollars) after exceeding analysts’ expectations thanks to market and wealth management activities.
Boeing briefly gained speed, before falling back customs duties inflation | wall (-0.23 % to $ 229.98) after Donald Trump announced that the trade agreement between the United States. Indonesia provides, among other things, the purchase of fifty aircraft from the American manufacturer by the Southeast Asian country.
Toronto fence down
The Toronto Stock Exchange ended Tuesday’s session on a loss of 0.53 %, weighed down by losses of the consumer goods, while the large American indices ended in dispersed order.
The S & P/TSX compound index of the Toronto prosecutor’s office fell 144.71 points to finish the session with 27,054.14 points.
On the currency market, the Canadian dollar has been negotiated during the means of 72.94 cents US, down compared to that of 73.03 Cents US on Monday.
On the New York raw materials scholarship, the crude oil price has retired from US 44 cents at US $ 65.37 per barrel, while that of gold left US $ 22.40 to US $ 3,3336.70 UCE.
Canadian press
Customs duties inflation | wall
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