Wall Street, fearing the tension between china and the us, ends up in the red

The New York stock Exchange ended in the red on Thursday, weakened in the end of the session by the fear of a rising us-china tensions after the announcement by Donald Trump in a press conference on China on Friday.

also read : Donald Trump will speak on China on Friday

the index feature, the Dow Jones Industrial Average, was down 0.58% to 25.400,64 points and the Nasdaq, to the strong staining technology, 0.46% to 9.368,99 points. The S&P 500, which represents 500 largest companies of Wall Street, has lost 0,21% to 3.029,73 points. As the Dow Jones, he spent the entire session in the green before chipping to the nose after the remarks of the american president.

The latter said that it would give Friday a press conference dedicated to China, without providing further details on its contents. But the tenant of the White House increase the tone in the face of Beijing for several weeks, accusing China of being responsible for the spread of the new coronavirus across the planet. On Wednesday, the head of american diplomacy Mike Pompeo has also said that Hong Kong enjoyed more autonomy promised vis-à-vis Beijing, and thus could no longer enjoy its current trade privileges with the United States.

"When the tone begins to rise, this is going to very soon"

The american threat has been called "barbaric" Thursday by the representation in Hong Kong from the chinese ministry of foreign Affairs, "We began to hear more and more speculations on the possible consequences of all these tensions," says JJ Kinahan of TD Ameritrade. "For the moment, these are mostly words but attention because, as we have seen in the past in similar situations, when the tone begins to rise, this goes very quickly", adds the specialist markets.

The indexes were worn since the beginning of the week by the hope of a gradual resumption of activity as are the lifting of the restrictions imposed to stop the pandemic of Covid-19. The indicators released Thursday again showed the severe impact of the health crisis on the u.s. economy but have also suggested that a rebound may be in sight. As well, if a little over 2.12 million people have again pointed to unemployment for the first time last week, the total number of compensated unemployed people in the United States has decreased for the first time since the beginning of the crisis during the week of 10 to 16 may. On the bond market, the rate on 10-year u.s. debt rose a bit, moving to 20: 15 GMT to 0,6933% against 0,6819% Wednesday evening.

No comment

there are currently no comments on this article.
Be the first to give your opinion !

I write a comment