Stocks

Written by Lawrence White

LONDON (Reuters) -The risks fell on Friday as US President Donald Trump received the bill for reducing the signing tax on the line and turned attention to its date on July 9 for countries to secure trade deals with the largest economy in the world.

The dollar also decreased against the main currencies, as the American markets have already closed for the week implemented on holidays, as traders considered the effect of the Trump’s sweeping spending bill, which is expected to add an estimated 3.4 trillion dollars to national debt.

The Stoxx 600 in Europe decreased by 0.5 %, with banks, mining and retail shares among the best arrears.

The USS & P 500 futures decreased by 0.6 %, following 0.8 % of the cash index to the closing peak at all. Wall Street was closed on Friday for the Independence Day holiday.

Trump said that Washington will start sending messages to countries on Friday that set the tariff prices that they will face in exports to the United States, a clear transformation from previous pledges to dozens of individual deals before the deadline on July 9 when the tariff rises sharply.

Investors are “Now Just Waiting for JULY 9”, said tony sycamore, and Analyst at Ig, with the Market’s Lack of Optimism for Trade Deals Responsible for Some of the Equity Weakness in Export-related Asia, Particularly Japan and South Korea.

Meanwhile, investors chanted a strong report of American recipes on Thursday, as they sent all the three main stock indicators in a brief session.

“The American economy combines most people who are expected, which indicates to me that the markets can easily continue to do better (from here),” said Sikamore.

After the closure of Thursday, the House of Representatives agreed slightly on the signature of Trump, a draft law of 869 pages, which determines the possibility of the US government’s failure in the short term, but adds trillions to the national debt to provide spending on border security and the army.

The main concentration trading in Asia

Trump said he expected “more commercial agreements”, after announcing an agreement with Vietnam on Wednesday to add framework agreements with China and Britain as the only successes so far.

US Treasury Secretary Scott Bessin said earlier this week that a deal with India was close. However, it appears that the progress made in agreements with Japan and South Korea, which is most likely narrated by the White House from among the ancient times, has collapsed.

The US dollar index was the worst of the first half since 1973, as Trump’s chaotic offer increased the comprehensive customs tariff about the American economy and the safety of the treasury, but it rose 0.4 % on Thursday before some of these gains were restored on Friday.