ADVERTISINGBoth US bags and the dollar rose to their highest levels in a month, since the appetite for the risk continued to recover before the Commercial negotiations between the United States and China.
It is expected that US and Chinese officials meet in Switzerland during the weekend, with the aim of reduce tensions that could lead to embargoes mutual commercials. The Trump administration imposed tariffs of up to 145% to imports from China, while China took retaliation with 125% tariffs.
President Trump told reporters that Chinese tariffs could go downexpressing optimism about progress in the next commercial conversations. “I think it will be substantive,” Trump said in the White House while announcing a commercial agreement with the United Kingdom. “I think it’s a very friendly meeting. They want to do it elegantly.” To the question of whether it will reduce tariffs to China, he replied: “It could be. Let’s see. Right now you can’t upload anymore. It is in 145%, so we know it will go down. I think we are going to have a very good relationship. “
American stock markets And the dollar had experienced strong sales during much of April, in the midst of growing fears of recession. At the end of last month, however, the US president changed his position with respect to China, noting that Tariffs would be reduced “substantially.” Since then, Wall Street and the dollar have invested their course, and investors seem to recharge US assets in the middle of relief signals of commercial tensions.
“This country will reach a point where they will be better to come out and buy shares,” Trump said Thursday, referring to the commercial agreement with the United Kingdom Already a fiscal bill recently signed as possible catalysts for markets. “This country will reach a point where They better leave and buy actions now “.
Trump’s comments and the growing optimism about commercial conversations have caused a broad rebound in risk in financial markets, especially in US assets. The variable income rose, the dollar was strengthenedoil prices rebounded, Bitcoin climbed, while gold backed down.
-The bags rise abroad
American bags went up Thursday per second session Consecutive: The Dow rose 0.62%, the S&P 500 by 0.58%and the Nasdaq composite 1.07%. The European Variable Income continued to surpass its American counterparts, with the Dax, touching historical maximums, with a rise of 1.02%, and the Stoxx 600 euro moving 1.1%. Meanwhile, Futures point to an upward opening on both sides of Atlantic markets.
Asian markets were mixed in Friday’s session, since Investors kept caution before commercial negotiations. At 5:00 CEST, the Japanese Nikkeii 225 rose 1.32%, ASX 200 earned 0.41%, while the South Korean Kospi gave 0.1%and the Hang Seng index of Hong Kong retired 0.15%.
In currency markets, the US dollar index rebounded more than 1%, standing above 100 for the first time since April 11. The dollar rebound hurt other currencies Important from the G10 group, in particular to the euro. During the Asian session on Friday, the Eur/USD torque fell to it just above 1.12, its lowest level in almost a month, from the maximum of several years reached at the end of April above 1.15. The euro had been considered an active shelter, having won about 1,000 points (100 points = 1 US cent) against the dollar since February.
Gold goes back and oil rises
Gold prices fell for the second consecutive day, since the slightest demand for shelter pressed the precious metal. Gold futures in Comex fell 2.5% On Thursday, with a slight rebound up to $ 3,318 per ounce at 5:00 am cest. Cash gold fell 3.6% in the last two sessions, up to $ 3,313.
Instead, crude oil prices rose to their highest level in a month. West Texas Intermediate Futures (WTI) They exceeded $ 60 per barrel at 5:10 Cest, which represents a 3.5% rise from the opening of Thursday. Brent’s futures also rose and exceeded $ 63 per barrel.
Bitcoin reaches maximum three months
Bitcoin rose 6.3% and exceeded $ 103,000 (91,770 euros), its highest level since January 31. Cryptocurrenciesoften considered high -risk assets, They have demonstrated a strong correlation positive with American technological actions. Trump’s position in favor of cryptocurrencies made Bitcoin reach a historical maximum of more than $ 109,000 on January 20.
