By Lawrence White and Tom Westbrook
London / Singapore (Reuters) – World actions went to a second consecutive week of gains on Friday and the dollar for its first weekly increase in more than a month while investors comfort signs that the United States and China were ready to withdraw from their trade war.
The reference Stoxx index in Europe increased by 0.3% in the hope of softening trade tensions, also supported by a range of positive reports on the profits of companies in the Finnish forest group Stora Enso to a manufacturer of French Safran jet engines.
American term contracts also climbed after the technology giant and the parent of Google Alphabet also beat the expectations of profits and reaffirmed AI spending objectives, increasing its shares by almost 5% in the trade after opening hours and pulling the peers. (.N)
The dollar, which took a blow through a few volatile weeks of pricing ads, overthrows and a flight of American assets, found a foot of around $ 1,1330 per euro and 143.4 Japanese yen. (FRX /)
“The peak in terms of threatened rate rate is probably behind us,” said Eli Lee, chief investment strategist for Bank of Singapore.
“In terms of the American-Chinese impasse, the two parties indicated that they would not increase the rates beyond the current levels.”
The prices of the Tit-For-Tat which started with the announcement by American President Donald Trump of heavy imports on April 2 had threatened to win the trade between the two largest economies in the world and aroused fears of a slowdown in global growth.
This week, the United States has changed its tone and said the situation was not sustainable, and China plans to exempt certain American imports from its 125% tariffs in the biggest sign of Beijing concerns about economic benefits.
Uncomfortable
In Hong Kong, the Hang Seng increased by 1% and there were small increases for the composite of Shanghai in continental China and the CSI300 of Blue Chip. (.Hk)
In Japan, the Nikkei increased by 1.8% on Friday and found all its losses since Trump announces the highest American prices in 100 years – samples which it has largely suspended, with the exception of China and a basic tariff of 10%.
“There is probably a feeling of market players that they have found a” control “on the American government, and can somehow take a more friendly position on key subjects,” said the Stratège de la Monnaie Francesco weighs in a note to customers.
“Investors will seek confirmation of the more optimistic position on American assets to justify new gains in dollars.”
The US dollar index increased 0.2% for the week to 99.623.
Warning panels
Despite the positive mood, there were also many warning signs that the surface calm of the markets may not last long.
