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Wall Street open rallies ahead of Fed meeting in this week

2019-06-17 02:08 pm | Resource: News | No Views : 43

 Wall Street rallies ahead of Fed meeting

Markets in the United States started a slight gain on Monday as investors looked ahead to the Fed's two-day monetary policy meeting, which begins tomorrow. Although policy changes are unlikely, investors will be looking for interest rate indicators in July or later this year.

In trade, Commerce Secretary Wilber Ross said President Donald Trump was ready to define more Chinese products if the two countries did not reach an agreement, which is unlikely to happen next week.

CEO: Huawei's revenue may decline but it will remain strong

As part of the trade war, Huawei's chief executive said during a discussion on Monday that Huawei's revenue is expected to drop by 30 billion dollars and production cuts could fall by 30 percent in the next two years. Rehn said the company was "determined" to build a trustworthy network amid accusations of spying from the United States.

The CEO promised that despite the expected drop in sales, Huawei will not cut its R & D investment to reshape the network structure, adding that the goal is at least to meet the safety standards of Europe's GDP. Ren said China still has a lot to learn from the West because the country does not have enough inventions. However, he praised the engineering capabilities of Chinese professionals.

Treasury bonds are retreating as markets prepare to modernize the Fed

US government securities prices fell on Monday, but there was little sign of risk appetite amid continued concern about the global economy. Despite the tension over the apparent attack on two carriers in the Gulf of Oman, oil has also been sold but precious metals and traditional safe haven and even the Japanese yen has slipped.

The two-year US yield jumped 3.6 basis points to 1.879 at 13:28 CET. The ten-year bond rate rose 2.8 points to 2.107% from 2.2bps to 2.609% for 30-year bonds. Futures futures fell by 0.06%, 0.21% and 0.32%, respectively.

Stock Exchanges
  • The Dow Jones Industrial Average rose 0.10% initially.
  • The Nasdaq 100 rose 0.16% in the opening bell.
  • The S & P 500 rose 0.33%. 


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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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