
Today’s stock market: Futures in Dow decrease amid the recession fears
The markets were referring to other sales on Sunday evening after the amazing functionality data handed over a rude awakening to Wall Street Bulls.
Future contracts with Dow Jones Industrial MALED have decreased 47 points, or 0.11 %. S&P futures decreased by 0.17 %, and future NASDAC decreased by 0.23 %.
The return on the cabinet for 10 years was fixed at 4.216 % after it decreased on Friday, on greater expectations for interest rate discounts. The US dollar was fixed against the euro and reduced 0.09 % against the yen.
Gold rose 0.44 % to 3,414.10 for ounce. Oil prices in the United States decreased by 0.67 % to $ 66.88 a barrel, and Brent crude decreased by 0.72 % to $ 69.17, as OPEC declared+ increased production.
After investors marveled at the elasticity of the economy in the face of President Donald Trump’s tariff, it became clear that the circumstances were much weaker, with Job gains during the past three months, with an average of 35,000 only.
In addition to separate indicators showing a deterioration in spending on consumer, housing and manufacturing, the general image is one of the economy.On the edge of the stagnation“According to Mark Zandy, from Modi’s analyzes. This follows a similar warning from Economists in Jpmorgan.
He was others Previously, the alert appeared on the bright red flags. But in the days before the job report, some of the senior commentators were still trying to explain why the Predictions of the Day of Resurrection were not fulfilled about the “Tahrir Day” tariff in Trump.
On Thursday, the former White House economic advisor Jason Foreman attributed it to it “The tariff deformation.” Last Sunday, Rockefeller International Roysher Sharma said that the negative effects of definitions were probably Other factors are met by Such as artificial intelligence spending boasts and decreased inflationary pressure from housing, cars and energy.
With Wall Street consistent with the economic risks such as Trump’s trade war, the definitions that will enter into force on Thursday may get more scrutiny. This includes more severe duties on commercial partners such as Canada and Switzerland.
Meanwhile, the evaluation of economic reports will decrease next week after many adults last week. On Tuesday, the trade deficit comes out for the month of June, providing update about the amount of definitions that affect imports. On Thursday, the second quarter is scheduled.
The profit season has passed its climax, but many higher names will issue quarterly reports. Palantir Technologies reports on Monday after securing a 10 billion dollar software and data contract.
The giant chip Advanced small devices On Tuesday, reports will provide hints in NVIDIA results, which do not come out until August 27.
Other companies are to include profits next week Catpeberlerand DisneyMcDonald’s. It will also be a crowded time for drug and biotechnology giants like Amgenand VizarAnd Eli Lily Trump also weighs a sharp tariff for drugs.
Post Comment