Saturday , June 3 2023

The world's stock rally deals with Trump-Xi's news


BANGKOK – Stock market markets emerged on Friday after President Donald Trump and Chinese counterpart Xi Jinping telephoned and made progress in solving trade tensions. Investors anticipate the US jobs figures later in the day.

CAC 40 in France jumped 1.3 percent to 5150 and German DAX rose 1.5 percent to 11,637. The British FTSE 100 rose 0.7 percent to 7.168. Futures transactions had a strong advantage on Wall Street, Dow's future contract was 0.9 percent, and S & P 500 showed a 0.7 percent increase.

ASIA DAY: Hong Kong's Hang Seng index rose by 4.2 percent to 26,486.35, and the Shanghai Composite Index rose 2.7 percent to 2,676.48. The Japanese Nikkei 225 index rose 2.6 percent to 22,243.66, while the South Korean Kospi rose 3.5 percent to 2,096. In Australia, S & P ASX / 200 wiped out early losses, dropping by 0.1 percent to 5.849.20 in the end result. Shares have risen in Taiwan, India and Southeast Asia.

CHINA-US TRADE: US President Donald Trump said he spoke with Chinese President Xi Jinping and that the two countries made some progress in trade negotiations. He did not give details, but in recent months, there has been little sign of movement in trade dispute and investors are getting more and more nervous about the possibility of huge tariff increases. The Chinese Foreign Minister spokesman told reporters that the dispute was rather positive, and the two leaders were optimistic about resolving technological disputes, which imposed punitive penalties on both sides for $ 1 billion worth of exports. Meanwhile, according to China's state media, Xi has promised tax cuts and other help to Chinese entrepreneurs trying to renew the cooler, state-owned economy with renewed efforts.

USA JOBS: The momentum of markets is likely to depend on the US labor report, which is expected to signal a healthy net growth of 190,000 workers for the economy. This is less than $ 208,000 this year's average monthly increase and leaves the Federal Reserve to raise interest rates. It is a clear question whether the numbers could affect voting in the US mid-term elections next week as polls suggest that while many Americans endorse the economy, it has not paid more support to Trump or Republican congressional candidates for.

CURRENCIES: The dollar rose from 112.81 yen to 112.71 yen, while the euro rose to 1.1450 dollars for $ 1,1408. The British pound reached $ 1.3004 with $ 1.3028, hoping for the Brexit negotiations.

ENERGY: Oil prices have further weakened after the US Department of Energy has said that US crude oil production grew sixth to one week. US benchmark commodity prices fell by 3 cents to $ 63.66 in electronic commerce in the New York Mercantile Exchange. It dropped by 2.5 percent to $ 63.69 in New York. Brent crude oil, used for the use of the price of international oil, reached 25 cents to $ 73.14 per barrel. This on Thursday reached 2.9 percent for $ 72.89 with a flame.

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