Bangkok (AP) – Stock markets in Europe and Asia shot higher after the European Union’s work on Monday Trade deal With the Trump administration before the deadline of this week.
American futures and oil prices were ahead Trade talks In Stockholm between the US and Chinese officials.
Germany’s dax rose 0.6% to 24,359.81, while in Paris, CAC 40.8% increased to 7,900.48. Britain’s FTSE 100 rose 0.3% to 9,148.34.
Agreement between European Union and US President Donald Trump Trump called the US for 15% tariff on most European Union exports before increasing the tariff, level 1%.
The deal was announced in the President’s Turnberry Golf Course in Scotland after Trump and European Commission head Ursula von Der Leyen. It removes more imports from both sides Sent Shock waves through economies around the world.
Tokyo’s Nikkei 225 index lost after 1.1% to 1.1% to 40,998.27 Doubt What exactly is on the last week’s trade truste between Japan and Trump, especially a $ 550 billion pledge of Japan’s investment in America
The terms of the deal are still being negotiated and nothing is formally done in writing, an official stated that the terms of the dialogue emphasized oblivion to expand the terms of the dialogue. The official suggested that the target to invest under Trump’s direction was for a $ 550 billion funds.
Hong Kong’s Hang Seng index rose 0.7% to 25,563.32, while Shanghai Composite Index increased 0.1% to 3,597.94. Taiwan’s Taix increased 0.2%.
CK Hachisan, A Hong Kong group selling the port in the Panama Canal said that it could find a Chinese investor who may include a union of buyers who can please Beijing, but also bring more American probes for a georgman. CK Hachison shares fell 0.6% in Hong Kong on Monday.
Somewhere else in Asia, South Korea’s cospie rose 0.4% to 3,209.52, while Australia’s S&P/ASX 200 has increased from 0.4% to 8,697.70. India’s senses slipped 0.3%.
Markets in Thailand were closed for holiday.
On Friday, S&P 500 rose 0.4% to 6,388.64, which establishes all-time for the fifth time a week. Dow Jones Industrial Average climbed 0.5% to 44,901.92, while Nasdaq Composite paired 0.2%, which closed at 21,108.32, reached the top in its own records.
The company Deckers behind Ugga Boots and Hoca Shoes made a jump of 11.3% after reporting a strong profit and revenue for the spring than analysts. Its growth was particularly strong outside the United States, where the revenue increased by about 50%.
But after reporting the loss for the latest quarter, the intellect fell 8.5% when analysts were looking for profit. The struggling chipmaker also said that it will cut thousands of jobs And eliminate other expenses as it tries to move around its fate. Intel, which helped launch Silicon Valley as a US Technology Hub, is behind rivals such as Nvidia and Advanced Micro devices, while Artificial Intelligence Chips Sources are in demand.
Companies are under pressure to provide a solid increase in profits to justify the big profit for their stock prices, which rally to record after records in recent weeks.
Wall Street has zoomed higher at the expectation that President Donald Trump will reach trade deals with other countries, which will reduce their harsh proposed tariffs, as well as with the risk that they can cause recession and increase inflation. Trump has recently announced deals with Japan and the Philippines, and the next major deadline is decreasing on Friday, August 1.
Apart from trade talks, there will also be a meeting at interest rates by the Federal Reserve this week. Trump advocated Fed to cut rates again on ThursdayWhat he has contained can save the US government money on his loan repayment.
Fed Chair Jerome Powell has said that he is waiting for more data about how Trump’s tariffs affect the economy and inflation before taking a step. The widespread hope on Wall Street is that the Fed will wait to cut interest rates by September.
Among other deals in early Monday, US benchmark crude oil increased by 40 cents per barrel to $ 65.56 per barrel. International Standard Brent crude added 40 cents to $ 68.06 per barrel.
The dollar increased from 147.71 yen to 147.85 Japanese yen. The euro slipped from $ 1.1758 to $ 1.1719.
Ellen Curtainback, Associated Press