The Wall Street indices They backed up this Wednesday, June 11, since the Commercial Pact reached between the United States and China In its negotiation in London it avoids an “immediate crisis” between both powers, but does not rule out the hesitation that surrounds the tariff policy of the Trump government, according to market strategists.
On the other hand, the data that shows a slowdown in inflation promoted bets on federal reserve fees, while in parallel, the president, confirmed that his administration had reached a commercial agreement with China.
In this context the index Dow Jones Industriales closed unchanged at 42,865.77 points; he S&P500 lost 0.23% to 6,024.67 and the Nasdaq Composite depreciated 0.50% to 19,615.88 points.
EEUU and China Largely expected commercial pact
“Our agreement with China is closed, subject to the final approval of President XI and I“Trump said on a publication on its Truth Social website on Wednesday morning, adding that the relationship between both presidents is” excellent. “
He argued that the US will have access to rare earths and Chinese magnets, something that their officials had been promoting throughout the week, while Chinese students can use US universities.
The first president also pointed out that US tariffs on Chinese products will be 55%, while Chinese tariffs on US products will be 10%.
Officials from both parties confirmed that a framework had been agreed, but the lack of details generated some uncertainty about their implications, which generated caution among investors to the possibility of future agreements, especially considering that the previous Geneva Convention will not remain in the long term.
Inflation slowed down in May
Inflation in the US was less than the one planned in Maydespite the concern generated by the possible impact of Trump’s aggressive tariff agenda.
The Consumer Price Index of the Labor Department increased a 2.4 % interannual last month, accelerating from 2.3 % in April, but for under the expectations of 2.5%.
In monthly terms, the indicator was reduced to 0.1%. Economists had projected that the indicator would match April’s reading of 0.2%.
Excluding volatile items such as fuel and food, the underlying IPC matched the April rate of 2.8%, while it decreased slightly intermensually to 0.1%. Both indices were lower than estimated.
After data, short -term interest fees futures incorporated a Probability of rate cut of almost 70% in September, compared to the previous 57%.
Wall Street: Some of the most outstanding actions
The actions of the online retail of pet products Chewy They fell 11% after the company reported net sales in the first quarter that exceeded estimates, but net income decreased and did not reach the expectations of analysts.
Victoria’s Secret He skided 5% after the lingerie retailer reaffirmed its sales forecasts for the whole year and presented results of the first quarter better than expected, but reviewed its prognosis of adjusted operational income by 2025.
The actions of AlphabetGoogle matrix, they cut their profits from Tuesday to 0.7% since reports arose that the technological giant is offering voluntary compensation to employees in their search division and ads.
On the date also much of corporate care will focus on the cloud computing group Oracle (-0.7%), which will present their results after the closure of US markets.
UBS: “The Gold Pause predicts a good Alcista future”
In spite of the recent consolidation of the price of gold since it reached a historical maximum of US $ 3,500 at the end of April, UBS analysts of Investment Bank argue that “The gold pause predicts a good Alcista future“, since” that feeling about metal remains unchanged. “
UBS points out that “the high uncertainty around US tariffs, fiscal policy and the consequent response of the Federal Reserve reinforces the appeal of diversifying portfolios, where gold stands out as an attractive option.”
Analysts suggest that “liquidity conditions could amplify the price action” of gold, which means that “a great volume is probably not required to move the price in the current environment.”
They point out that “continuous purchases of the official sector, ETF tickets and the relatively solid interest in physical investment suggest that the metal is ceasing to be available in the market”, which supports a possible upward movement.
UBS also analyzed whether investors are changing from gold to precious white metals such as platinum and paladium.
While the relationship between gold, silver and platinum recently favored white metals, and open interest in future shows a decrease in gold and an increase in silver and platinum, UBS states that “it is difficult to know with certainty if market participants are carrying out operations in relation to gold, and it is also difficult to discard it given the dynamics of the price.”
Source: Ambito
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