By Elaine Kurtenbach, Associated Press business writer
NEW YORK (AP) – Most of the world actions were higher on Tuesday after American actions derived at a mixed and silent fence at the start of a week responsible for corporate and economic data profits.
Germany Dax gained 0.7% at 22,421.79, while the CAC 40 was almost unchanged at 7,571.68. The British FTSE 100 was also stable at 8,416.80.
The term contracts for the S&P 500 and the industrial average of Dow Jones increased by 0.3%.
In Asian trade, the Tokyo markets were closed for a vacation.
Hang’s Hang Seng increased 0.2% to 22,008.11, while the Shanghai composite index increased by 0.1% less, to 3,286.55.
In South Korea, Kospi jumped 0.7% to 2,565.42. Australia S&P / ASX 200 increased by 0.9%to 8,070.60.
Taiwan’s Taiex won 1%, while the Sensex in India won 0.3%.
The markets obtained a respite from acute swings that had rocked them as hope increased and fell that President Donald Trump could retreat in his trade war.
The Wall Street Journal reported on Monday that Trump was preparing, following generalized speculation on the problem, to adjust its 25% tariffs on imports of automobiles and automotive parts.
The Trump administration seems to have made little progress to find a path to go with Beijing, the two parties insisting that others need to take the first step. The Treasury Secretary, Scott Bessent, speaking on CNBC, said that he thought China wanted a “de -escalation” in the trade war.
“I have a climbing letter in my rear pocket, and we are very impatient not to have to use it.”
“Maybe they will call me one day,” Bessent at Fox News told a separate interview.
Trump ordered an increase in prices on Chinese exports which combined up to 145%. China retaliated with import rights over American goods up to 125%, although it has exempted certain articles.
Many investors believe that Trump’s prices could cause a recession if they have remained unchanged.
On Monday, the S&P 500 increased by 0.1%, extending its victories sequence on a fifth day. The industrial average of Dow Jones added 0.3% and the NASDAQ composite slipped by 0.1%.
Mixed trading against influential technological actions before their profits reports this week drew the S&P 500 between the gains and the modest losses for a large part of Monday.
Amazon dropped by 0.7%, Microsoft fell 0.2%, Meta platforms added 0.4%and Apple increased by 0.4%.
Apart from Big Tech, Caterpillar leaders, Exxon Mobil and McDonald’s can also offer clues this week on how they see the economic conditions. Several companies from all sectors have already reduced their estimates for future profits or have fully achieved their forecasts due to the uncertainty about what will happen with Trump’s prices.
The fear is that Trump’s prices at Trump scale can push households and businesses to modify their expenses and freeze long -term investment plans because of the speed with which the conditions can change, apparently on time.
So far, economic relationships seem to show that the American economy is increasing, but at a lower pace. On Wednesday, economists expect a report that the economic growth of the United States has slowed down at an annual rate of 0.8% in the first three months of this year, against a rate of 2.4% at the end of last year.
So far, most reports have focused on data before Trump’s “release day” on April 2, when he announced prices that could affect imports from the countries of the world.
The most discordant economic data recently came from surveys showing that American consumers become much more pessimistic about the future of the economy due to prices. The latest reading of the Conference Board on consumer confidence is due on Tuesday.
Friday, a report on the American job market which will show how many workers employers hired over April.
In other transactions early Tuesday, the American crude US gross oil lost 73 cents against $ 61.32 per barrel. The Brent Brut abandoned 76 cents at $ 64.03 per barrel.
The US dollar bought 142.53 Japanese yen, from 142.02 yen. The euro slipped to $ 1,1388 compared to $ 1,1422.
Originally published:
California Daily Newspapers
