During the week, the stock indexes reached record levels during the week, while the European stock exchange prices have significantly fallen, mostly due to the political crisis in France.
On Wall Street, the Dow Jones has weakened 0.2 percent last week, to 45,544 points, while the S & P 500 strengthened 0.2 percent, to 6,460 points. Nasdaq slipped 0.2 percent, at 21,455 points.
The quarterly business results of Nvidi were in the focus of the investor. Although the revenues and earnings of the world’s largest company in market value were more better than expected, the price of the action of Nvidi fell slightly after the announcement of the results.
However, the messages from that largest World Music Chips for artificial intelligence on strong demand supported the actions related to the development of artificial intelligence. Thanks to that, the prices of the shares of technological giant, such as Alphabet, Amazon and Broadcom have risen.
Thus the indices have reached record levels in the middle of the week. But by the end of the week they slid off them. The focus of the investors were also new data on inflation in the USA, which showed that in July inflation reached 2.9 percent, the highest level of February. It is obvious that the introduction of customs stimulates the growth of prices of imported products, so inflation could be kept at elevated levels and the following months, banker me.
On the other hand, as a range of recent data shows that the labor market weakens, investors believe the US Central Bank will reduce interest for 0.25 percentage points in September. But until then, the Employment Report in the US will be published in August, which could affect interest expectations.
– Fed opened the cost reduction door, but how open the door will depend on whether the weakness of the labor market is a higher risk of inflation growth. For now, the Fed is a closer to the decision to reduce interest – explains Ellen Zentner, a strategist in Morgan Stanley Wealth Management.
The crisis in France pressed the European Stock Exchange
And on European stock exchanges, the prices of shares passed last week, which is mostly the result of the political crisis in France, where the minority government tries to push great budget savings.
The London FTSE index weakened 1.4 percent, to 9,187 points, while Frankfurt Dax sank 1.9 percent, to 23,902 points, and the Paris CAC 3.3 percent, to 7,703 points.
Most Asian Stock Exchange fell, Chinese rose
On the most Asian stock exchange prices are the prices on Monday Pale on Monday, while in Chinese markets grew thanks to the strengthening of the economy and optimism regarding the development of artificial intelligence.
The MSI, the asian-pacific action index was at 7:00 almost unchanged compared to Friday. The prices of shares in India, Shanghai and Hong Kong rose between 0.2 and 1.8 percent, while in Australia, South Korea and Japan fell between 0.4 and 1.6 percent.
The growth of Chinese stock exchange thanks to new data showing mild, but still the growth of production activities in the second largest economy.
In addition, investors are optimistic about news about the development of artificial intelligence, so the prices of the shares of technological companies have risen. The largest winner was the stock of Alibaba, the price of whose price jumped more than 17 percent.
The dollar weakened, oil prices
And on currency markets, the value of the dollar compared to the basket of the currency has slightly fell.
The dollar index, which shows the value of the US currency compared to the other six most important world currencies, is about 97.79 points this morning, while on Friday night, 97.85 points.
The price of the euro increased from 1,1685 to $ 1,1705.
The American currency weakened in relation to Japanese, so the dollar exchange rate slid to 147.00 yen, while on Friday night it was 147.05 yen.
Oil prices, on the other hand, lost almost all last week’s winnings. In the London market, the price of the barrel slipped 0.43 percent this morning, to $ 67.20, while in the American market, BAREL cheaper 0.44 percent, to $ 63.75.
