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Wall Street starts to rise, Dow Jones is up more than 150 points

2019-06-11 02:41 pm | Resource: News | No Views : 90

وول ستريت تبدأ بارتفاع  ، مؤشر داو جونز يرتفع بأكثر من 150 نقطة

US stock markets started trading on Tuesday, led by a possible US-Mexican trade war, as well as expectations that the Federal Reserve will cut interest rates in the near future.

US President Donald Trump has added interest rate expectations by saying the federal interest rate is too high and that quantitative tightening is "ridiculous" because inflation is "very low". Meanwhile, the Chinese Foreign Ministry said earlier that Beijing does not want a trade war with the United States, although it is not afraid of one, but warned that if "Washington" insisted on the escalation of trade tensions, China will respond "resolutely resolutely "He said.

US producer prices rise 0.1% in May

The producer price index (PPI) for the United States finished 0.1 percent higher on a seasonally adjusted basis in May than the previous month, the country's Bureau of Labor Statistics said on Tuesday.

On an unadjusted basis, the final demand index jumped 1.8% year-on-year. Most of the increase in the final demand index was driven by a 0.3% increase in final demand services prices. The final commodity demand index fell by 0.2%. The final demand index excluding food, energy and business services rose 0.4% in May on a monthly basis, the same as in April.

US Stocks Open
  • The Dow Jones rose 0.64% initially, up by Goldma Sachs.
  • The Nasdaq 100 rose 1.13% in the opening bell, with Ctrip.com the best early performance.
  • At the same time, the S & P 500 started the session up 0.78% in positive territory, with Freibor -McMoRan Cooper & Gold leading the way.

The euro rose 0.06% against the dollar to sell against 1.1318 at 15:38 CET.


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