President Trump Statements Encourage Stock Markets, Wall Street Recovers
After a tumultuous week for the stock market as a result of the tension after the commercial war and the reprisals among the protagonists, Wall Street and the rest of the most important financial markets worldwide recovered on Friday, to close in positive territory and appease the losses of the week.
The president of the United States, Donald Trump issued a series of statements this afternoon where he hinted at the possibility of closeness with his Chinese counterpart to a resolution of the trade war with the Asian nation.
As an immediate result, the session in the New York Stock Exchange began to operate on the upside, with most sectors operating in positive territory, highlighting the technological, financial and communications with more than half a percentage point growth in the day from today.
President Trump assured Thursday afternoon that the crisis could end soon, and announced that Huawei mobile phone brand could be part of an agreement, although he reiterated that the telecommunications company is “very dangerous” from the point of view of safety.
The Dow Jones, the main indicator gained more than a hundred points, to raise + 0.37% in today's session and take to the weekend about 25585.69 units.
Among the 30 components of the index, Boeing stood out with + 1.14%, JP Morgan with + 1.07% and the retail giant Walmart with + 0.83%.
The technology sector had a rebound thanks to President Trump's announcement to lift the ban on Huawei, which encouraged the index's protagonists before an eventual lifting of sanctions against American companies that negotiate with Chinese technology manufacturers, on which Apple depends. Google and almost 90 percent of Silicon Valley.
Nasdaq closed with 7315.50 points or + 0.06%, recovering 4.50 points in today's session.
The positive close was on Wall Street the exclusive S & P500 index with nine profit units to close at 2831.75 points, + 0.43%.
The rest of the main stock indices of the world closed up, highlighting the German DAX with 12011.04 units (+ 0.49%), the Chinese HangSeng with 27353.9 points (+ 0.32%) and the English FTSE100 with 7277.7 points (+ 0.65%).
In other markets, Texas oil rose 1.2% and closed the day at $ 58.63 a barrel, its worst week of the year, driven by the tense trade war and fears of an economic slowdown and the rise in prices. the inventories of Texan crude.
Its European counterpart, the Brent crude of the North Sea, rose + 1.42% to end at 68.62 dollars the day, recovering from its resounding fall of -4.65% yesterday, although the deterioration of the relations between China and the USA They still fear the market a decline in global demand.
Gold, meanwhile, had a rebound after the half-day to close up with $ 1284.80 a troy ounce, a recovery of + 0.14%.
The pair EUR / USD in the Forex market, recorded gains in the second consecutive session, after having been driven to values close to the low of 2019. The recovery comes after the change of position of Trump regarding the conflict with China.
At the time of writing, the EUR / USD pair quotes 1.12079, with an advance of + 0.24%.
Finally, the crypto market had another good start to the weekend, with Bitcoin its main reference, capitulating above the psychological barrier of the 8k for the second time in a week, managing to push the rest of the market with it.
At the time of writing, the main cryptocurrency traded at $ 8068.91 per unit, with an advance of + 2.39% in the last 24 hours and a market capitalization of just over $ 142 billion, double what UBER is worth as a company in the stock market.