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Wall Street caught up with trade tensions again.



First issued:

New York (AFP)

Wall Street ended on Friday. Mexico is a tense state of the trade, surpassing more positive factors such as consumer confidence and Canadian tariff hikes.

The Dow Jones industrial average fell 0.38 percent to 25,764.00 points.

The Nasdaq composite index fell 1.04 percent to 7,816.28.

The Standard & Poor's 500 index fell 0.58 percent to 2,859.53.

"It is a habit, but regrettably, the driving force behind this decline is still related to trade talks between China and the United States," said Art Hogan of the National Investment Company.

Investors seemed more optimistic since the sudden drop in the market on Monday as a result of the announcement of Chinese retaliation on the new obligation imposed by President Donald Trump. "The tone went up, but the door was still open."

But even more militant Beijing on Friday, or even negotiations at all, has made this view dark.

"It looks like the door is really closed," Hogan said.

For the week, the Dow Jones Industrial Average fell 0.7 percent, the Nasdaq lost 1.3 percent, and the S & P 500 percent net profit.

The index recovered on Friday after the US Consumer Confidence Index climbed to a record high since 2004, after a survey by the University of Michigan.

Patrick O'Hare of Briefing supports the idea that this figure on personal consumption, which drives US growth, is in a good position to cope with external pressures.

Washington's announcement that the cancellation of tariffs on steel and aluminum in Canada and Mexico has been imposed for nearly a year has not been enough to get investors back on track. However, this decision is an important obstacle to the ratification of the trilateral free trade agreement.

Investors have been largely unresponsive to formalization and anticipated additional tariffs on the automotive sector will be postponed. European manufacturers were particularly concerned.

In the bond market, the 10-year US debt rate stabilized at 20:20 GMT versus 2,394% on Thursday night.


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