At Wall Street, the S & P 500 index increased, after two days fall, because the investors encouraged the inflation in the USA, but still trades cautiously because Washington is running a customs war on more fronts.
Dow Jones Index weakened 0.00 percent, to 41,350 points, while S & P 500 rose 0.49 percent, to 5599 points, and NASDAQ index 1.22 percent, to 17,648 points. The growth of S & P 500 and NASDAQ index mainly thanks to the correction of stock prices of technological companies, after two days of sharp decline.
Investors encouraged the release of inflationary pressures. According to the data published, the growth of consumer prices in the United States was in February 0.2 percent on a monthly, and 2.8 percent on an annual basis, slightly less than a month before.
However, the market did not rule out the EUFORIA because the investors are afraid that in the next month inflation will increase, given the US President Donald Trump leads the trade war on several fronts – Canadom, Mexico, China, the European Union …
Yesterday, customs duties from 25 percent to import steel and aluminum in the United States, and Canada and the European Union were announced by the countermeasures. In addition to the Customs war could raise inflation, it is expected to negatively affect international trade and growth economies.
“Prices bounced due to lower inflation than expected, but Wall Street remains a focus. The trade war continues, so we expect unstable trading in the coming days,” Greg Bassuk, director at Axs Investments.
Despite yesterday’s growth, the Nasdaq index retained in the area of correction, more than 10 percent below its record level, reached in February. The S & P 500 index is located, on the other hand, about 8.9 percent below its record level.
And on European stock exchanges, shares rose yesterday. The London FTSE index strengthened 0.53 percent, to 8540 points, while Frankfurt Dax increased by 1.56 percent, to 22,676 points, and the Paris CAC 0.59 percent, to 7988 points.
