Wall Street rises with the focus on negotiations between the US and China

Wall Street rises with the focus on negotiations between the US and China

In Wall Street, the Dow Jones of Industrials rises 0.2%, the S&P 500 advances 0.3% and the Nasdaq wins 0.4%. The European stock markets, meanwhile, closed with a bearish trend, highlighting the setback of the German Dax (-0.5%).

From link securities warn that The positions between both powers remain maximalistsso although a sign of continuity in the dialogue is expected, A substantive agreement still seems distant. “Both countries have interests to reach an understanding, but each one has tools that will try to enforce,” they said in a report.

China seeks to capitalize on its domain in the value chain of rare earths, essential for the technological and automotive industry, while the United States maintains technological restrictions that Beijing needs to overcome. The market, however, shows fatigue with this prolonged narrativeand analysts doubt that the messages after the meeting generate great movements in prices.

US inflation

Investor attention will also be set this week at Inflation data in the USin particular the IPC of May, which will be known on Wednesday. The market consensus anticipates a slight rebound in the general rate, from 2.3% to 2.5%, and a marginal rise in underlying inflation, from 2.8% to 2.9%.

Meanwhile, on Thursday the Price Index (IPP) and the weekly figures of unemployment subsidy applications will arrive, while on Friday the inflation expectations and consumer confidence of the University of Michigan will be published on Friday.

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The market anticipates a mild rise in inflation in the US

The economist

Technology: Apple WWDC and artificial intelligence

Another focus for investors will be at the beginning of the World Developer Conference of Apple (WWDC)which starts this Monday. News are expected about the operating systems of all its devices, and ads related to the use of artificial intelligence. While there are no large releases, the company could Open your foundational models from external developersa key decision for its application ecosystem.

Raw materials and bonds

In the raw material market, the oil is stable: the West Texas at $ S64.58 and the Brent at US $ 66,46. Gold decoced 0.13% Au $ S3.341 per ounce, while the euro shows 0.34% against the dollar, quoting 1,1433.

For fixed income, the 10 -year -old American bonus rate It relaxes 4,484%, reflection of the waiting climate prior to inflation data. Bitcoin, on the other hand, yields 0.40% and is negotiated around US $ 105,923.

Source: Ambito

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