– Day of negotiation – feeling of forces stimulating global markets
By Alden Bentley, editor -in -chief, Americas Finance and Markets
Jamie benefits from a well -deserved leave, but the Reuters market team will keep you up to date on the reasons why two reference stocks, and Bitcoin, have reached new records. I would love to hear from you, so do not hesitate to reach out to
The main movements of the current market
* The S&P 500 closed up 0.27% and the Nasdaq increased by 0.09% * The dollar slipped fractionally against the yen but Roseagainst the euro * The 10 -year treasure yield fell from 0.6 bases of base * US Crude Oil Futures dropped by around 2.2% to $ 66.88 increased by approximately 0.4% to $ 3.325.25
Key readings today
Trump establishes 50% of American prices on copper and Brazilian imports from August
Bitcoin strikes another high record
US weekly unemployment claims to slip unexpectedly at 7 weeks from a bottom
Investors are looking for signs that European profits can challenge tariff disorders
Wall Street’s actions close above, Delta forecasts increase the feeling
New heights, almost no news
This week, the default reflex on Wall Street, without any economic or news from the major market to react, and even with the price edicts of the White House now, was to buy. Thursday confirmed the model with a new set of records in two of the three main indices, with a bitcoin of all time launched as a bonus.
The latest commercial salvo by US President Donald Trump was a 50% rate on Brazil’s goods. This sent its currency, the real, plumbering more than 2%, allowing another day of the stability of the dollar above the bottom of three to four years last week.
As Wednesday samples on copper imports, the title of Brazil did not prevent the S&P 500 or the Nasdaq from closing at all peaks, the DOW rising near its December record.
The week was very light on scheduled events. It started with the accent on the deadline for the well -opposed price of Trump’s July 9. This goes and came and somewhere in the blizzard of new tariff titles, new real prices and the Cajole of commercial partners to negotiate is a deadline of August 1 for the markets to wait.
Next week, JP Morgan and other big banks are launching the season for the second quarter on Tuesday so that investors are making the headlines more in their comfort zone. Tuesday, the report of the consumer price index of June is included on Tuesday.
Treasury yields have checked the weekly data for unemployment claims that have shown a surprise drop from those asking for unemployment benefits.
The Bitcoin Prize for the first time exceeded $ 100,000 in December and has been exchanged aside since it crossed $ 110,000 in May, to renew its revival greater than $ 113,000 on Thursday. The new funds negotiated in exchange for Bitcoin allowed large and small investors to jump easily, while Trump seeks to establish a strategic cryptocurrency reserve and appointed several convivial individuals such as titles and trade commissioner Paul Atkins and the Tsar de la Maison Blanche David Sacks.
