The Main Wall Street indices They uploaded this Tuesday, June 10, given the progress in trade negotiations between Washington and Beijing In addition, investors await Inflation data May of the United States, which is estimated to show a slight rise as tariffs that already begin to impact prices.
Operators are confident that the conversations will boost greater unwinding in the tense tariff exchange between USA and China, After agreeing in May a temporary reduction of their respective tariffs. The negotiation meetings will continue on Wednesday.
In that context, the Nasdaq went up 0.6% to the 19,714.99 unitswhile the S&P 500 advanced equally until at 6,040.16 points. Meanwhile, the Dow Jones He climbed a 0.3% to 42,866.87 points.
Wall Street: Investors carefully observe negotiations between the US and China
On the second day of negotiations, the attention focused on China’s restrictions on rare earth minerals, with which he threatened to interrupt the world supply, as well as the United States restrictions on chips exports to China.
According to analysts of Economics Capitalthese negotiations could influence financial markets, especially in China. Capital Economics warns of the expectation of a change of significant tendency, stating: “We would not bet on a great change thanks to possible commercial advances.”
They emphasized that “the tariff impact on Chinese actions is not especially large, and that other factors, such as internal policy, are more important.”
Besides, “They doubt that the United States goes back completely”what probably “It will stop any relief rebound”.
Investors expect May inflation data
In the next few days the Operators’ attention will focus on the publication of the consumer price index that will be carried out on Wednesday and the data is expected to show some increases in inflation, especially that of import prices due to tariffs of Donald Trumpwhile Federal Reserve Try to adjust monetary policy after the positive payroll report on Friday.
The strategists of Citigroup They have predicted that the Fed will maintain the indebtedness costs without changes in a range of between the 4.25% and the 4.5% In their June and July meetings, before choosing drastically, rates in September.
Wall Street: Some of the most outstanding actions
In the corporate sector, Apple He opened his annual conference of developers with an inaugural speech that included various updates of his artificial intelligence products.
However, the Iphone manufacturer’s actions rose just 0.6%after the advances did not excite investors, anxious, that the California -based group presented great advances in the use of AI.
The samples of Apple in his World Developer Conference They included improvements, such as the live translation of telephone calls. However, the company kept many of its artificial intelligence promises To consumers.
On the other hand, the actions of JM Smucker Company They drastically fell 15%after the consumer food group did not reach its prognosis of quarterly gains, indicating a “dynamic and constantly evolving external environment” derived from recent commercial tensions.
The actions of Designer Brands They collapsed a 21% When the footwear retailer announced profits from the first quarter below the expectations of analysts, withdrawing their forecast for the whole year amid the macroeconomic uncertainty.
Regarding chips actions of Taiwan semiconductor manufacturing They advanced a 4% After informing an increase of almost 40% in May revenues.
McDonald’s Corporation fell more than 2% after Redburn Atlantic It will reduce the sale recommendation of its shares twice, citing the decrease in pedestrian traffic and the impact of GLP-1 medications against obesity.
Morgan Stanley: “Musk’s public confrontation with Trump was probably calculated”
The analysts of Morgan Stanley They believe that the recent public communication campaign of Elon Musk About his confrontation with the president Donald Trump“It is probably part of a strategy planned by the mega millionaire to achieve a specific objective with its approach designed to attract maximum public attention to the subject.”
Despite the possible “negative sensation around the products/brand of Tesla“Due to Musk’s political participation, Morgan Stanley He suggests that this “would not have surprised the company’s management.”
The firm emphasizes that the United States credit perspective and solvency (budget deficit, national debt, etc.) have become an absolute priority for the executive director of Tesla.
They point to a “Patterns Recognition”indicating that investors “could be, once again, discarding how far the Mr. Muskas well as their resilience to endure criticism and financial difficulties. ”
Morgan Stanley He anticipates that “if the discord between Elon Musk and the president continues or intensifies from now on,” Tesla’s investors “should prepare for even greater volatility in the actions.” However, they maintain “sufficient confidence in the long -term vision of the company to reiterate its name as our ‘best choice’ in the American car sector.”
Analysts reiterated their recommendation to “About Weighing” to the actions of Teslahighlighting “the capacities of the same in key areas of physical AI, since they offer growth and margin opportunities exceeding those of the traditional business of electric vehicles.”
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
