Wall Street focuses on the Vietnam tariff, not job losses

If you have to choose between getting a job and paying less for Nike Shoes, you will run me a barefoot to the office. However, Wednesday’s market movements suggested that Wall Street preferred the cheapest shoes.

The American economy has lost private sector jobs in June, which is the first time that employment has contracted since March 2023, according to ADP salary. It is more surprising because Dow Jones’s Economists have linked job numbers to expand 100,000.

Meanwhile, US President Donald Trump announced on his social media the truth that the country has concluded a commercial deal with Vietnam, where the nation in Southeast Asia will face 20 % duty on imports to America. This means companies that rely heavily on Vietnam for manufacturing, such as Nikeand Crocodiles and mall
LulhemonHe will face less tense costs and may not raise prices as much, compared to the original tariff rate of 46 %.

After the weight of both news, investors decided that good news was more important and raised the S&P 500 to a new height. It was granted, that the ADP report had an intermittent record of predicting official job figures from the American Labor Statistics Office. But it is still worth thinking about how the financial markets can be separated a little from the real economy: Who can buy shoes and pump stocks if they do not have jobs?

Vietnam highlights a deal with America. Imports from the nation of Southeast Asia to the United States will be It is subject to a 20 % tariffWhile the United States gets the possibility of a tariff -free arrival to the Vietnam Market, Trump Declare Wednesday.

S&P 500 rises to close it in a new record. The index also Log in the daywhile Nasdak Achieved record. General Europe Stoxx 600 The index added 0.18 %. The revenues of bonds jumped in the United Kingdom Disorder in the Labor Party.

The United States lost private sector jobs in June. Job losses reached 33,000ADP mentioned on Wednesday. Dow Jones economists expected an increase of 100,000 jobs for this month.

Tesla reports decrease in delivery operations in the second quarter. The company, which is led by Elon Musk, provided 384122 cars in that period, a decrease of 14 % from last year. but Timing The stocks are still rising as the numbers were Better than some investors who were afraid.

(Pro) The report of the weak jobs can lead to sale. If the non -agricultural salary salary numbers in June, outside Thursday, are the same as the ADP report, the JPMorgan Trading Desk office believes American stocks can stumble.

The slow economy meets a quick future

Life in China these days is a stark contrast story. If it is in one conversation, my counterpart shouting at their hands on a slow economy, the following reveals the extent of the speed of artificial intelligence in the renewal of industries.

Although the largest city in China has not seen a return to the pre -boom days, there are signs that the smaller cities suffer from rapid growth.

Entittenually emerging reality glasses, Xreal invested at its own factory in Wuxi in the southeast “Tier 2” and announced earlier this year a A new glasses product operating XR from Google OS.

Evlin Cheng