The American markets are preparing for a new rise, as President Donald Trump’s legislative agenda for tax discounts and spending priorities has cleared a major obstacle to the Senate, so that he even thwarted in commercial talks.
Dow Jones Industrial Malce’s futures increased 180 points, or 0.42 %. S& P 500 futures increased by 0.18 %, and the future NASDAC also added 0.23 %, after both indexes Achieved new standards Friday.
Oil prices in the United States decreased by 0.84 % to $ 64.97 a barrel, and Brent crude decreased by 0.65 % at $ 67.33.
The return on the cabinet decreased for 10 years to 0.8 basis points to 4.275 %. The dollar fell 0.07 % against the euro and 0.1 % against the yen. Gold decreased 1 % to $ 3,256.70 an ounce.
Trump’s higher legislative priority – tax cuts and spending priorities – fire A major procedural obstacle has been erased In the Senate during the weekend.
The final vote is still pending, as Senators look forward to discussing the draft law and making amendments. The House of Representatives must also approve the Senate version of the bill before it can go to the White House to sign Trump.
The president called for legislators to end the bill before the July 4 holiday. Tax cuts are a major factor in Wall Street’s expectations for economics and financial markets, and expecting an increase in compensation for definitions from Trump.
Meanwhile, another final date is approaching quickly.
In April, Trump put a 90 -day mutual tariff while his administration participated in trade negotiations. The shares have been recovered since then, as investors assumed that the worst trade war had ended.
The authority to stop will end on July 9, and Treasury Secretary Scott Besent recently suggested that the deadline is flexible. He told Fox Business that about ten deals with major commercial partners could end on Labor Day.
But in an interview broadcast on Sunday, Trump said it can instead send messages This is simply informing countries of the rates of definitions they will face.
When asked if the temporary suspension would not be extended, he said: “I don’t think I will need it – it is not possible – there is a big deal.” Trump also explained his position on the deadline on July 9, saying, “I will send messages. This is the end of the commercial deal.”
His position is to refuse to extend the deadline, as Trump said on Friday that he ends all commercial talks with Canada immediately, noting her plan to impose digital services taxes on American technology giants.
Next week, which is also presented to the holidays, features many prominent economic data groups that can provide more clues on how to affect customs tariffs, or not affect the activity.
On Tuesday, the Institute of Supply Management will issue its manufacturing index, and the Ministry of Labor issues its jobs report.
On Wednesday, ADP will submit a salary statements report in the private sector. On Thursday, the Ministry of Labor will publish weekly unemployment claims and monthly job report. The markets will be closed for the July 4 vacation.
Federal Reserve Chairman Jerome Powell is scheduled to speak on Tuesday at the European Central Bank Forum in Centra, Portugal. This is followed by two days of certificate on Capitol Hill last week and the post -FOMC press in the previous week.
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