Trump said that China would face additional import duties if Xi did not appear at the top.
For the month, Dow and S & P grew by 6.7% and 6.2%, respectively. Nasdaq is on its way to a 7.1
The euro, on the other hand, is not not accepting the news so well and is 0.1%, buying $ 1.1200. Currencies get taller in higher interest rates. This was one of the main drivers of the strength of the dollar last year.
"This week is expected to be for the Fed, but before President Powell was able to deliver a message on Wednesday evening, ECB President Draghi moved the markets by indicating that the eurozone would soon see a fresh dose of monetary stimulus, "said Jane Foley, Rabobank's senior strategist at Rabobank, in a note
The Federal Reserve is starting its day today's meeting before it reaches its climax in the monetary policy update and the press conference tomorrow. With the expectations of an interest rate cut in July by 88%, compared to 86% yesterday, according to CME's FedWatch, investors will look at the speaker's language of Fed Jerome Powell when he talks about a future policy strategy
Market participants expect him to be careful with his wording, but the word "patient" – which he introduced at the beginning of the year to describe the approach of the central bank to future p political decisions – will disappear.