The American markets bordered lower before the opening bell on Tuesday as the results season approaches its end and the last large companies display their quarterly performance.
The term contracts for the S&P 500 lost 0.2%, while the term contracts for the industrial average of Dow Jones were stable. The Nasdaq’s term contracts are down 0.2%.
Home Depot increased by more than 2% in pre-commercial after the hardware chain beat the sales targets of Wall Street and reaffirmed projections of previous sales growth Despite a crisis in the current housing market.
Wednesday, Target and Home Depot competed in their latest results.
The strong Home Depot report even comes as many companies – in particular retailers – have Tips lowered or drawn Due to the uncertainty about President Donald Trump’s prices.
The way Trump’s prices take place remains to be seen and uncertainty has been the important theme since it started to deploy them at the beginning of this year. Many import taxes have since been lowered or delayed, more recently with China. The markets climbed last week after the two largest business partners in the world announced a 90 -day break on their tariff battle.
In the comments at his annual investor conference on Monday, the CEO of JPMorgan, Jamie Dimon, suggested that geopolitical risks – probably including trade wars – remain a major risk for global and American economies. Dimon said that stagflation – a recession with inflation – would be the worst case.
“I think the chances of this are probably twice what the market thinks,” said Dimon.
Elsewhere, the global markets rallied Tuesday after China has reduced key interest rates to help repel economic discomfort aggravated by commercial friction with Washington.
The Chinese Central Bank has made its first reduction in its loan bonus rates in seven months in a decision welcomed by investors who want more recovery, because the second world economy feels the pinch of Trump’s highest rates.
Banque Populaire de China has reduced the one year loan rate, the reference rate for pricing for all new loans and floating rate loans to 3.00% against 3.1%. It reduced the loan rate to 5 years to 3.5% against 3.6%.
The main concern of China being the deflation due to the request for a break rather than in inflation, the economists expected such a decision. The data reported on Monday showed the Pressure economy From Trump’s trade war, retail sales and the slowdown in factory production and real estate investment continue to drop.
Tuesday cuts will probably not be the last this year, Zichun Huang of Capital Economics said in a report.
“But it is unlikely that modest rate reductions significantly increase the demand for loans or broader economic activity,” said Huang.
Sharing China catl, The world’s largest manufacturer of electric batteries jumped 16.4% during its commercial beginnings in Hong Kong after having collected around $ 4.6 billion in the largest IPO in the world this year. His shares have negotiated in Shenzhen, the stock market in continental China after Shanghai, won 1.2% after diving earlier in the day.
Hang Seng of Hong Kong gained 1.5% to 23,681.48, while the Shanghai composite index increased from 0.4% to 3,380.48.
In Tokyo, the Nikkei 225 increased by 0.1% to 37,529.49, while the S&P / P / P / ASX 200 of Australia increased by 0.6% to 8,343.30.
The Kospit of South Korea lost 0.1% against 2,601.80, while the Taiwan Taiex was almost unchanged.
Sensex India lost 0.8%.
In midday European trade, the German Dax and the CAC 40 in Paris, each increased by 0.4%. The FTSE 100 of Great Britain increased by 0.6%.
THE Australian reserve bank The reduction in its reference interest rate of a quarter of percentage for the second time this year, at 3.85%, judging inflation in its target range. The previous reduction in February was the reduction of the first Australian rate since October 2020.
US reference crude oil lost 33 cents at $ 61.81 per barrel. Brent Crude, the international standard, lost 36 cents at $ 65.18 per barrel.
The US dollar fell to 144.60 Japanese yen from 144.86 yen. The euro checked at $ 1,1248, compared to $ 1,1244.
