Tokyo – Asian actions mostly increased on Wednesday, and the markets showed relief after President Donald Trump indicated that he will not rule out The head of the Federal Reserve of the United States.
Japan reference Nikkei 225 won 1.9% in the afternoon negotiation at 34,875.64. AustraliaANDP/ASX 200 increased 1.3% to 7,920.50. Kospi from South Korea won 1.5% to 2,523.17. Hang Seng of Hong Kong added 2.2% to 22,039.88, while Shanghai compound rose 0.2% to 3,305.43.
Trump had previously said that he could say goodbye to Fed President Jerome Powell after the Fed paused in the cuts to short -term interest rates. But Trump told reporters on Tuesday: “I have no intention of saying goodbye.”
Investors were also encouraged by the comments of the United States Treasury Secretary. Scott bets In a speech on Tuesday. Said ongoing Rate confrontation With China it is unsustainable and awaits a “decalcalation” in the commercial war.
American actions jumped in a generalized rally on Tuesday, and other US investments stabilized a day later falling sharply. The sANDP 500 rose 2.5%. The Dow Jones industrial average increased 1,016 points, or 2.7%, and the Nasdaq compound won 2.7%. The three more indices achieved their great losses since the beginning of the week.
The only prediction that many Wall Street strategists are willing to do is that financial markets will probably continue to turn up and down as hopes increase and decrease that Trump can negotiate agreements with other countries to reduce their tariffs. If such agreements do not occur quickly enough, many investors expect the economy to fall into a recession.
The International Monetary Fund on Tuesday reduced its forecast for global economic growth This year to 2.8%, below 3.3%. Meanwhile, a better profit reports than expected of the big American companies helped raise the actions of the United States.
It was also helping the feeling of the market was the announcement of Elon Musk that will spend less time in Washington and more time leading Tesla After his electric vehicle company reported a great drop in profits. Its results have been injured by vandalism, generalized protests and ask for a consumer boycott In the midst of a violent reaction to the supervision of Musk of cost reduction efforts for the United States government.
Tesla reported profits after the US trade closed. Tesla’s quarterly profits fell from $ 1.39 billion to $ 409 million, well below analysts’ estimates.
However, losers on Wall Street were exceptions, since 99% of the shares in the SANDP 500 Rose Index. All said, the SANDP 500 rose 129.56 points to 5,287.76. The industrial average Dow Jones won 1,106.57 to 39,186.98, and the Nasdaq compound increased 429.52 to 16,300.42.
In the bond market, longer -term yields decreased after a disturbing older the previous day. 10 -year treasure yield was withdrawn to 4.39% of 4.42% on Monday night.
In the energy trade, Benchmark Us Crude added 58 cents to $ 64.25 per barrel. Brent Crude, the international standard added 58 cents to $ 68.02 per barrel.
In currency trade, the US dollar decreased to 142.11 Japanese and 142.37 yen. The euro cost $ 1,1377, lowering $ 1,1379. ___
The business writer AP Stan Choe contributed.
