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Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ The Trump-Xi meeting sends Dow more than 300 points

The Trump-Xi meeting sends Dow more than 300 points



President Donald Trump published to inform the public about "a very good phone call" with Chinese Prime Minister Xi Jinping. He said the two leaders will meet at the G20 summit in Japan next week

Trump said that China would face additional import duties if Xi did not appear at the top.

This gave a boost to stocks. ] rose to 400 points at its highest values ​​and continued to about 360 points, or 1.4 percent. Nasdaq Composite ([19459109] COMP ) showed 1.2% and 1.7%, respectively, with the Nasdaq Composite S & P 500 . European stocks closed in green

For the month, Dow and S & P grew by 6.7% and 6.2%, respectively. Nasdaq is on its way to a 7.1

% jump this month. June is the best month for January stocks. Earlier in the day, European and Asian stocks started rising after European Central Bank President Mario Draghi hinted he could have more monetary relief in the eurozone to boost the economy.

Growth in the eurozone is lagging behind for some time, but holding the ECB's incentive for engagement takes the risk of recession.

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.

President Donald Trump publishes on the movement of the euro, saying that the dip in the euro makes it unjustifiably easier for European exports to compete with the US

"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.


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