American equities head north, as US-China trade clashes recede
On Monday, American equities mostly ascended. It’s because China and the United States agreed to suspend the introduction of tariffs before the signing of a trade pact between the two leading economies of the world.
The Dow blue chip index futures gained 0.93% reaching 24952.0, the S&P 500 futures soared 0.60%, coming up with an outcome of 2,729.25. Additionally, futures of high-tech Nasdaq 100 rallied by 0.71%, demonstrating a reading of 6923.00.
On Sunday, US Treasury Secretary Stephen Mnuchin told that at the moment the trade conflict between the United States and China was frozen. For the last few months, both countries have been drawn into a fierce trade feud to introduce reciprocal tariffs on imported goods. Notwithstanding the suspension of the introduction of tariffs, China hasn’t agreed to cut the US trade deficit by nearly $200 billion in mutual trade yet despite Donald Trump’s demand.
Tesla shares, which soared by 1.72%, after Tesla CEO Ilon Mask uncovered a two-fold leap in the price of the new version of Model 3. The Facebook shares rallied by 0.76%, and shares of semiconductor maker Advanced Micro Devices Inc dipped 2%. Equities of General Electric slumped by 2.20%.
On the other hand, shares of British American Tobacco headed south 0.53%, Aegion Corp managed to ascend 2.26%, equities of Vedanta Ltd dived by 1, 68%.
Meanwhile, European stock markets demonstrated quite mixed dynamics of trading. The French CAC 40 managed to ascend by 0.67%, the German DAX acquired 0.28%, while the London FTSE 100 inched up by 0.79%. The Euro Stoxx 50 index headed south by 0.55%, while the Spanish IBEX 35 rallied by 0.07%.
Gold futures inched down 0.57%, trading at $1,244.0.
Besides this, WTI crude futures ascended by 0.34%, coming up with a reading of $71.61 per barrel.
The US-China trade war escalates
More tariffs were introduced
Stocks of technological companies fell, pay attention to earnings
Yesterday, the US Justice Department announced a broad antitrust review ...
Futures head south after China data points to decelerating retail sales
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
Crypto assets decline as OECD demands global ICO regulation
On Monday, crypto assets tumbled due to the fact that the Organization for Economic Cooperation and Development drew attention to the necessity of the global regulation of initial coin offerings…
German exporters don’t care about stronger euro
German exporters demonstrate ascending optimism as for their business prospects because growing demand from other euro zone countries helps to compensate worries regarding the strengthening currency, as the Ifo economic institute told on Wednesday…
Japan's October machinery orders tack on
In October, Japanese machinery orders rebounded with a faster soar than anticipated, thus re-affirming the resilience of capital spending, which is a major driver in the Japanese economy's almost two-year expansion…