Actions decrease despite Trump’s opinion to “do” to deal with China and inflation data better than expected

• The S&P 500 has been published A drop of 0.27% on Wednesday while investors weighed Trump’s Trump’s trade agreement with China as well as an inflation report that outperformed analysts’ expectations.

The stock markets fell on Wednesday despite an apparently positive development in the trade war between the United States and China alongside a better than expected inflation report for May. The S&P 500 fell 0.27%, the NASDAQ dropped by 0.50% and the Dow Jones closed the mainly flat day.

“Our agreement with China is concluded, subject to the final approval with President XI and I,” said President Donald Trump on Wednesday morning on his social media platform Truth Social, referring to President Xi Jinping de China.

Trump has given few details, but said that China would continue to export magnets and rare earth materials to the United States and only implemented 10% on American products. The United States, in turn, would apply a rate of 55% on exports from the People’s Republic of China in the United States and allowed Chinese students to continue to frequent American colleges and universities.

The United States and China previously collected prices up to 145% and 125% on each other, respectively. Trump’s administration had also pointed out that it would start to cancel student visas for Chinese students in a decision that a Chinese Foreign Minister called “discriminatory”.

It is not known when the trade agreement between the two superpowers comes into force or if the United States has offered China concessions to China. Xinhua, a Chinese press agency, said that the United States and China had “free and in-depth talks” in its assessment of the agreement.

Meanwhile, the Bureau of Labor Statistics has published its report on the consumer price index for May. The American agency noted that inflation had increased only by 0.1% compared to 2.4%. It was slightly lower than the median estimate of 2.5% of economists interviewed by FostSet.

Analysts feared that the aggressive whole of Trump prices increase the prices of American consumers. However, some warn that the full effect of the White House trade war has not percolated throughout the economy. “It is encouraging to see moderate inflation more, and yet we are aware of the possibility of an increase in prices related to prices in half of the year,” wrote Rick Rieder, director of Global Investments, who is returned to Blackrock.

The drop in Wednesday market followed a week of earnings. In June, the S&P 500 approached the heights of all the time it published in February, which was shortly after the inauguration of the 47th president.

This story was initially presented on Fortune.com