Wall Street indices operate up to the pre -opening, a trend that is also observed in Europe and in Asia.
The announcement that the United States and the European Union (EU) reached a preliminary commercial agreement brought tranquility in the markets, which They operate up to the main stock market indices. Without great data on the US economy on Monday, Attention will be placed on commercial mattersparticularly with China, A few days after the end of the deadline of August 1 ends.
In Asiathe bags closed with an upward trend. He CSI 1000 from China, rose 0.35% and Hong Kong Hang Sheng beat himwith an increase of 0.68%. The dissonant note was marked by the Nikkei 225with a decrease of 1.05%. In Europe a similar trend was observed: the index Euro Stoxx 50 rises 0.63%; he Ibex 35 Spanish increases 0.64%, the French CAC rises 0.35%; while the German Dax Write down a slight rise of 0.05%. For its part, the British ftse low 0.13%.
Wall Street: between the expectation of more agreements and quarterly results
In the case of Wall Streetthe main indices operate up to pre -opening: the Dow Jones It is the one who shows the variation milder (+0.04%)followed by S&P 500 (+0.16%) and the Nasdaq (+0.35%). According to XTB, this Monday’s economic calendar for macroeconomic publications “is practically empty.”
For this reason, they argued that “attention will focus on tariff ads (especially with respect to China) and the quarterly results of companies.” Among them are Main Financial Group Inc, Erie Indemnity Company, Woodward, Inc. and Exelixis, Inc.
In addition, the next few days will see an avalanche of corporate results, including those of Technological giants such as Platforms goal, Facebook owner, Microsoft; Apple and Amazon.
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USA: After the agreement with the European Union, does China continue?
From XTB they explained that while the agreement between the European bloc and the Donald Trump government still requires many details to be defined, “it contains several key elements”, among which the cited the permanent 15% tariff for imports of European products, the EU’s commitment to buy American energy worth US $ 750 billion and an additional investment of U $ 600 billion from the EU In the American economy.
Meanwhile, The US and China are expected to extend its tariff truce for another 90 daysreported the South China Morning Post (SCMP), citing sources close to discussions. The temporal suspension of most tariffs, agreed in May, expires on August 12.
According to SCMP, Both parties will use the third round of negotiations to delineate their positions on issues not yet resolvedamong which he mentioned Trump’s concerns about China’s industrial overcapacity.
Source: Ambito
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