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US stocks offset some losses after optimism about the trade conflict

2019-05-15 03:05 pm | Resource: News | No Views : 28

 US stocks offset some losses after optimism about the trade conflict

US stocks offset some losses from the start of trading on Wednesday as reports showed that President Donald Trump plans to postpone raising tariffs on car imports for up to six months to learn how to trade negotiations with the EU and Japan, among other things, And play them.

Retail sales in the US fell 0.2% in April

The US Federal Bureau of Statistics said Wednesday that the seasonal advance estimates of US retail and food sales in April fell 0.2% to $ 513.4 billion from a month earlier. Year on year, the figure rose by 3.1%. Meanwhile, from February to April, retail sales rose 3% year-on-year.

Retail sales fell by 0.2% from March this year and rose 2.8% year-on-year. Retailers added 9% from April 2018, while sporting goods, hobbies, musical instruments and bookstores fell 8.5% yoy.

US industrial production fell 0.5% in April

Industrial production in the United States fell by a seasonally adjusted 0.5% in April from the previous month, according to data released by the Federal Reserve on Wednesday. Production was reported to have fallen 1.9% year-on-year in the first quarter. The decline in industrial production is due to a significant reduction in car production. At the same time, manufacturing production fell by 0.5% after being unchanged in the previous month.

On an annualized basis, total industrial production rose by 0.9% last month. Meanwhile, energy use in the industrial sector fell 0.6% to 77.9%.

American Indices Trading
 
  • The Dow Jones Industrial Average rose 0.18% at 16:52 CET.
  • While the Nasdaq 100 rose 0.95% at the same time.
  • Meanwhile, the S & P 500 rose 0.37% at 16:59 CET.

The EUR traded steadily against the US Dollar, trading against 1.1208 at 16:54 CET.


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Best Opportunities, Vision and Technical Analysis for The NASDAQ100 17 April 2019

We offer you the analysis of the NASDAQ 100 index on Wednesday , April 17, 2019 with the most important forecasts for the NASDAQ 100 index in the US market. Time frame Used - four hours The NASDAQ 100 is moving in a bullish direction in the near term. The Nasdaq 100 is still facing resistance and selling pressure around 7670 levels, forming a negative candlestick pattern as the indices…

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