Nevertheless,
Wall street ends week red:
The Dow Jones lost 0.63 %, the Nasdaq 0.22 %index and the enlarged S&P 500 index dropped 0.33 %.
A new series of customs rights threats from President Trump weighs on the appetite for the risk at the end of the week. However, while the actions come back from new records reached during the exchanges yesterday
summarizes Jose Torres, d ‘Interactive Brokers. For example,
US President Donald Trump was again targeted in Canada on Thursday. Furthermore, by imposing 35 % surcharge, one of the highest rates announced since the start of the week, accusing the second trade partner of the United States for retalling his customs duties.
Since the start of the week. Nevertheless, around twenty countries, mainly Asian, have already received a letter aimed at notifying them the surcharge rate that will be applied to their products from August wall street ends week red 1.
Questioned by theAFPAdam Sarhan. of 50 Park Investments, believes that the reaction of the walk remains really up
despite the perspective observed on Friday.
The Nasdaq and the S&P 500 have both made several records at the end in recent days.
We have not yet seen new substantial customs duties be actually applied
he explains.
The Nasdaq and the S&P 500 have reached new historical thresholds this week. (Archives photo)
Photo : Reuters / Brendan McDermid
Investors are also waiting for the spell that will be reserved for several powers. including India and the European Union.
Management wall street ends week red at the market
For the coming week. a long list of important data
will be able to provide management to the market, warns Jose Torres.
Market players are waiting in particular to figures for inflation on the consumer side (ICC) and producer (PPI) next week. A new indicator on consumer confidence will also be published.
Economists. investors will closely monitor if the customs duties imposed by Donald Trump have repercussions on the supply chain or store shelves, and will use this information to assess the pace to which the Fed (American Central Bank) descends the steps of the Staircase of Monetary Policy
anticipe M. Torres.
The vast majority of investors believe that the American central bank will maintain its rates at this level at the end of its next meeting. according to the indicator published by CME, FedWatch.
But they are less and less to wall street ends week red anticipate a rate drop in September.
On the bond market, the yield of the American loan at ten years was clearly tied at 4.42 %, against 4.35 % the day before at the end.
Further reading: Trump customs tariffs on copper: Canada “will oppose it,” says Joly – A young man killed by Anjou – Radio-Canada against diversity | The Montreal Journal – Donald Trump announces the taxation of 35% customs from customs on Canadian products from August 1 – Prices: “Everyone is disappointed, but no one is surprised”.
