Movement in Customs Dispute Boosts US Exchanges


new York Speculation for an approximation of tariff dispute with China has encouraged investors to join US equities on Wednesday. The Dow Jones Index of Standards closed 0.9 percent higher at 27,137 points. The technology-driven Nasdaq advanced 1.1 percent to 8169 points, and the broad S & P 500 gained 0.7 percent to 3,000 points.

The government in Beijing wants to exempt 16 US product types from punitive tariffs. "This could be seen as a gesture of sincerity ahead of negotiations with the US," said Iris Pang, China economist at ING Bank. "But it's more likely to be a stimulus to the Chinese economy."

Single values ​​in focus

For the individual values, the titles of Apple On the day after the launch of the latest iPhone generation, their share price gains and gained 3.2 percent.

The recall of 3.5 million vehicles in the US pushed General Motors (GM). The shares lost 0.3 percent. Affected are according to the information mainly pickups and SUVs, where there are problems with the brake system. For a car model and two vans malfunctioning software must be replaced.

A disappointing quarterly result and a bleak outlook triggered a sell-off at GameStop. The shares of the video game retailer fell by almost ten percent.

In the hope of a relaxation in the US-Chinese customs dispute investors also covered themselves with European shares. Dax and EuroStoxx50 each gained about half a percent on Wednesday to 12,359 and 3517 points, respectively.

More: Donald Trump is attacking the US Federal Reserve for what he believes is wrong monetary policy. The key interest rates should be at zero percent – or lower.

Finance briefing

. (tagsToTranslate) United States (t) Wall Street (t) Stock Exchange (t) Trading Dispute (t) China (t) Stock Market (t) Stock Analysis (t) Stock (t) Investment (t) Investment Tips Share (t) Investment Policy (t) Standard & Poor's (t) ING DiBa (t) Apple


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