Wall Street He anticipates a day of slight purchases this Wednesday, after the mixed closure on Tuesday, in a week marked by opposing signals from the US Commercial and Fiscal Front. The US Senate approved by little margin the fiscal reform project promoted by former president Donald Trump, who must now be ratified by the House of Representatives.
The commercial context, however, remains uncertain. Washington’s conversations with its main partners – Japan, the European and Indian Union – continue to generate tensions. “Not everything is pink: Trump’s negotiations and friendships can become a disaster in less than” tariff ‘or’ doge ‘”, warned Ipek Ozkardeskaya, Swissquote Bank’s senior analyst.
The analyst also highlighted the stagnation with Japan, which resists importing US agricultural products, Particularly rice, which could expose Tokyo to tariffs between 30% and 35%. In contrast, the European Union would seem more willing to accept 10% rates in exchange for certain exemptions.
From Link Securities They point out that, although some US officials were open to extend the deadline to achieve agreements beyond July 9 – a date set by the White House to apply “reciprocal” rates to countries without agreement – Trump made it clear that is not considering an extension.
“This series of contradictory messages provides for a cautious attitude on the part of many investors, at least until knowing clearer definitions next week,” they said from the firm.
Employment in focus
In the macroeconomic plane, the markets wait today the private employment data prepared by the consultant ADPwith a forecast of 95,000 new positions generated in June, compared to May 37,000. A lower result could reinforce the expectations of a more moderate federal reserve, while a higher figure could press for a review of such expectations.
The most relevant data will arrive on Thursday with the Official Employment Reportwhich anticipates 110,000 new non -agricultural payrolls, a figure below 139,000 registered in May.
Europe advances with support from the mining sector
In parallel, European stock markets opened on positive land this Wednesday. The paneuropeo index Stoxx 600 advanced 0.3%towards the 542 points, led by industrial mining companies (+1.4%) and banks (+1.3%). The market reacts to signals of approach in negotiations between the EU and United States To avoid new tariffs.
President Trump was optimistic about a possible agreement with India, but remains skeptical in relation to Japan. This week the commercial head of the European Union is expected to travel to Washington in a last attempt to deactivate new tensions.
On the other hand, the Financial Times He informed that the European Union would have rejected the attempts of the United Kingdom for joining a paneurpeo commercial block.
Source: Ambito
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