16 Oct Negative Trading as a Result of the Key US Stock Indexes Completion
According to the results of Monday, US stock indexes closed the bid in an insignificant minus due to the ambiguity of the trade transaction that was concluded with China. At the same time, investors see the danger in the fact that such a direct agreement will not contribute to the removal of trade barriers and, accordingly, will not accelerate the pace of economic growth in the nearest future.
Numerous reports have appeared about the Chinese authorities, where they plan to hold the next round of negotiations by the end of October 2019, in order to work on deals before they are approved by the chairmen. At the same time, informed sources emphasize that Beijing will add to the final agreement provisions on the refusal of the US president to increase duties on export goods from China worth $ 160 billion per.
Futures for Light crude oil as a result of trading on the NYMEX fell in price to $ 1.11 to $ 53.59 per barrel. Based on COMEX trading data, gold futures prices rose $ 8.9 to $ 1,497.60. The yield on ten-year Treasury bonds is 1.73%.
A supplier of building materials and industrial goods called Fastenal fell to 2.52%, while Nike, a sportswear and footwear manufacturer, went up to 1.07% due to an increase in its rating by analysts.
Sempra Energy, which specializes in electricity and gas infrastructure, cut its assets by 0.04% and reported that it would sell its shares for $ 2.23 billion in the Chilean business.