- Publish S& P 500 A decrease of 0.27 % on Wednesday While investors were weighing Trump’s commercial deal with China, in addition to the inflation report, surpassing analysts’ expectations.
The stock markets fell on Wednesday despite the positive development apparently in the trade war between the United States and China, along with the best inflation report than expected in May. S&P 500 decreased by 0.27 %, the Nasdaq Stock Exchange fell 0.50 %, and Dow Jones closed today flat.
On Wednesday morning, President Donald Trump posted on the social media platform, referring to President Xi Jinping from China: “China has been dealt with, according to the final approval with President Xi and the President.”
Trump gave some details but said that China will continue to export rare magnets and ground materials to the United States and implement a 10 % tariff on American goods. In turn, the United States will carry out a 55 % tariff on exports from the People’s Republic of China to the United States and let Chinese students continue to attend American colleges and universities.
The United States and China had previously imposed a tariff at an increase of 145 % and 125 % on each other, respectively. The Trump administration also indicated that it will start canceling student visas for Chinese students in the move of a Chinese foreign minister The name “Discrimination.”
It is still unclear when the commercial deal between the great powers enter into force or whether the United States has offered any other concessions. Xinhua, Chinese government news agency, He said The United States and China have held “frank and in -depth talks” in its evaluation of the agreement.
At the same time, the work statistics office Absolute Consumer price index report for the month of May. The US agency noted that inflation may only infiltrate 0.1 % from April to 2.4 %. This was a little less than an average of 2.5 % of economists reconnaissance By FactSet.
Analysts were concerned that the Trump aggressive group of definitions would increase the prices of American consumers. However, some warn that the complete impact of the White House trade war was not turned through the economy. Rick Reader, chief global investment employee in global income in global income in global income in global income in global income in fixed income, wrote, ” Blackrock.
The Wednesday market fell a week of gains. In June, the S&P 500 approached its highest level in February, which was shortly after the President’s opening 47.
This story was originally shown on Fortune.com
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