At the global stock exchanges, shares have strongly increased last week, the other in a row, as negotiations between the United States and China would soon be about customs, and the investors were encouraged by good business results.
Last week, Dow Jones rose 3 percent last week, to 41,317 points, while the S & P 500 jumped 2.9 percent, to 5,686 points, and the NASDAQ index 3.4 percent, to 17,977 points.
The strong growth of the index for the second week in a row mostly thanks the introduction to the arrangement between the United States and China about customs.
After a series of calls from American officials, Beijing told Peking to consider the possibility of trade negotiations.
This is considered the market with an overture in customs negotiations and other conditions of mutual trading. Analysts expect negotiations to be long and uncertain, but that is, they say, better than the continuation of the customs war that would inflict major damage and one economy.
The growth of the S & P 500 indexes nine days in a row, which has not been recorded since the end of 2004. year, thanks and better than expected to the quarterly business results of most companies from the composition of that index. Among other, technological giants, such as Alphabet, Microsoft, Meta Platforms …
And while the business results are above expectations, economic data are weak.
The American economy has fallen unexpectedly in the first quarter for the first time after three years, while the PMI index of the production sector was further fallen in April.
These are the first indicators of the impact of the customs war, and the fears of the recession was somewhat mitigated by the fact that in the United States last month the number of employees increased by 177 thousand. This is less than a month before, but more than expected, Hina is transmitted.
Thanks to the strong growth in the last two weeks, the S & P 500 and the NASDAQ index have made up all losses from 2. April, when the market shook the US President Donald Trump on the introduction of reciprocal customs.
And in the European stock market, the stock prices lasted strongly. The London FTSE index strengthened 2.2 percent, to 8,596 points, while Frankfurt Dax jumped 3.8 percent, to 23.086 points, and the Paris CAC 3.1 percent, to 7,770 points.
