- American stocks were preparing for more gains He headed to a new week of trading after a series of wild fluctuations last week, as investors moved to the latest fluctuations and turns in President Donald Trump’s trade war. Late Friday, his administration revealed tariff exemptions, but he warned that it was temporary.
The stock futures indicated on Sunday night, indicating more gains after the markets endured a series of wild fluctuations last week, as President Donald Trump’s tariff system was an influential goal.
Futures for Dao The average Jones industrial average increased 115 points, or 0.28 %, while S&P futures increased by 0.68 %, and Nasdak 1.11 % future futures jumped.
The return on the cabinet decreased for 10 years 2.3 basis points to 4.47 %, and the US dollar index fell 0.45 %, as Greenback continued to slip against global currencies.
Crude oil prices in the United States increased by 0.18 % to $ 61.61 a barrel, and Brent crude increased by 0.11 % to $ 64.87 despite fears of the global recession caused by the customs tariff that weighs on energy demand.
Early last week, the shares declined as the markets continued in the aggressive “liberation day” tariff for Trump, and then rose when it was announced for a 90 -day contract for most. But the stocks later drowned when China took revenge on Friday.
Then inA notice was published late on FridayAt night, customs and US border protection issued new instructions on the so -called mutual definitions, Carrot exemptions For smartphones, chips, as well as consumer electronics components and other technology components.
Wedbush analyst Dan Ivs described exemptions “The best possible news for technical investors”, “ Allowing appleand NafidiaMicrosoft and Tech Giants to breathe a sigh of relief.
But on Sunday, Trump officials and administration officials warned Revers only temporary Since the new duties will reach technology imports, although prices will not be high as the level of China by 145 %.
While Trump can give stocks a boost, bond and currency markets may not be very miraculous Canceling the fading quickly.
This, as American origins, were traditionally considered as safe havensLoss of this situationAmid a shift away from the dollar, with the former Treasury Secretary, Larry Samarz, warned against the circulation of American bondsLike those in the emerging market nation.
“The market does not fade quickly,” George Saravilus, the global head of foreign exchange research in Deutsche BankHe said in a note last week, adding that “the market has lost confidence in the American assets, so that instead of closing the responsibility by storing liquidity in dollars, it sells the activity of the American assets itself.”
On Tuesday, retail sales and industrial production for March. Meanwhile, the profit season will pick up next week. On Monday, Goldman Sachs will submit a report. Tuesday, Citigroup and Bank of America Take their role. Technology profits will start on Thursday, when Netflix You will report.
This story was originally shown on Fortune.com
