Two of the three US stock indices on Thursday, July 11, rose to new records, backing the optimism of the US Federal Reserve (FFs) interest rate cut this month.
index Dow Jones Industrial Average for the first time the trading session closed over 27,000 points and the index also reached a new record Standard & Poor's 500However, the index slightly decreased Nasdaq Composite, which reached a new record on Wednesday.
Jerome Powell, head of the FRS, wrapped up the second day of his semi-annual report to the US Congress, highlighting the economic risks in the statements, which were broadly interpreted as a signal of an expected lowering of interest rates.
New records were welcomed by US President Donald Trump, who repeatedly criticized Paula for his monetary policy.
«Dow only first came to 27,000! twitter writes Tramps.
European stock indices dropped as they were under pressure from higher exchange rates after Paul's statements led to a depreciation of the US dollar against the euro and the British pound.
"It can be said calmly that investors are happy with Jerome Powell's testimony on the first day of Wednesday after the stock markets climbed after him. [ekonomikas] assessment, "he said OANDA analyst Craig Eralam.
The IFRS manager usually does not provide strong and direct policy messages and makes it more difficult to predict future interest rate dynamics. But the message on Wednesday was clear [ekonomikas] data is becoming weaker – especially in the area of inflation – and downside risks are significant, Erllam said.
However, the documents on Thursday were reached at a time when new signs of commercial policy disagreement appeared, which were worried by investors last year.
She is in the social network twitter accused China of failing to meet its recent promise to buy more agricultural produce in the United States. "This turnaround" means that we (the US) are not closer to an agreement with China, "he said National Securities Corporation Art Hogan, Chief Market Strategist.
There were also new signs of tension between the US and Europe. On Wednesday, it was announced that Tramps ordered an investigation into the French digital services tax. The French Senate adopted this tax on Thursday, which will apply to American companies such as Google, apple, Facebook and Amazon,
Delta Air Lines The stock price rose 1.2%, according to the airline report, that its second-quarter earnings rose by about 40% to $ 1.4 billion, driven by strong demand for flights. This was facilitated by the fact that this airline does not have any aircraft Boeing 737 MAXwhose flights were stopped after two disasters.
Oil prices on stock markets in New York and London fell.
The euro appreciated against the US dollar, the British pound rose against the dollar, while the US dollar depreciated against the Japanese yen.
On the New York Stock Exchange, the price of WTI crude oil fell 0.4 percent to $ 60.20 a barrel on July 11. Brent Crude oil prices on the London Stock Exchange narrowed 0.7 percent to $ 66.52 a barrel.
Index of the US Stock Exchange Dow Jones Industrial Average On Thursday, the index rose by 0.9% to 27 088.08 points Standard & Poor's 500 grew by 0.2% to 2999.91 points, but the index Nasdaq Composite decreases by 0.1% to 8196.04 points.
The London Stock Exchange index FTSE 100 fell 0.3 percent to 7509.82 on Thursday, the Frankfurt Stock Exchange DAX 30 dropped 0.3 percent to 12,332.12 points and the Paris Stock Exchange CAC 40 fell 0.3 percent to 5551, 95 points.
The value of the euro versus the US dollar on July 11 rose from 1.1251 to 1.1255 dollars per euro, the British pound against the US dollar rose from 1.2502 to 1.2526 dollars per pound while the dollar against the Japanese yen fell from $ 108. , 46 to 108.45 yen per dollar.