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On Monday, Wall Street opened up due to a dive in tension in the trade relations between China and America. At the beginning of the week, the market is still demonstrating an uptrend.
The Dow index soared by 0.38%, the S&P 500 managed to acquire 0.38%, while the high-tech Nasdaq 100 gained by 0.43%.
On Monday, market participants are ready to proceed with the rate hike after a steep soar in quotations by more than 2% the previous week, which turned to be the largest jump in the week since March. The Dow index is ready to ascend the eighth consecutive session.
Investor sentiment has improved in the face of the apparent warming in the trade relations between China and the United States right after US President Donald Trump told at the weekend that he’s on the verge of helping Chinese telecommunications company ZTE to resume work.
This statement was made on the eve of the second round of negotiations between America and China, which will burst out on Tuesday. However, Beijing indicated that it’s not going to change its current position in the trade conflict.
On Monday, there aren’t any plans to publish any crucial American reports, so market participants will focus on information on the pace of further interest rate lift by the Federal Reserve this year.
The financial markets have already fully taken into account the lift of the interest rate as a result of the Fed gathering that will end on June 13. As for the next lift, it’s forecast for September. However, investors are still arguing whether the fourth rate lift will occur this year in December or not.
The evergreen buck keeps diving against the basket of other key currencies. The US dollar turns to be cheaper for the fourth consecutive session.
On Friday, British blue-chip equities went down, getting back to negative territory after American leader Donald Trump told that he was geared up towards slapping duties on some $500 billion in China’s imports, potentially boosting his administration’s…
On Friday, Asian stocks concluded the trading session generally up, underpinned by a sag in the Chinese Yuan versus the evergreen buck, although trade uncertainty kept putting pressure on global markets…
On Friday, American futures suddenly slumped after US leader threatened to slap duties on all Chinese goods…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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