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Wall Street rallies on rise as US postpones Huawei ban

2019-08-19 02:03 pm | Resource: News | No Views : 26

Wall Street rallies on rise as US postpones Huawei ban
US markets opened in the green on Monday as the Dow Jones industrial average jumped 300 points amid fresh trading optimism. US President Donald Trump has insisted that China wants a trade deal, while US Commerce Secretary Wilbur Ross said Washington would delay the ban on Chinese technology giant Huawei for another 90 days.

Ross: US delays Huawei ban for 90 days

US Commerce Secretary Wilbur Ross told Forex Business on Monday that the United States will postpone a Huawei ban for another 90 days. The minister added that his ministry added 40 additional branches of Huawei on the list of entities of the Office of Industry and Security. Huawei was blacklisted three months ago as Washington claims the Chinese company could endanger "national security" by spying on the United States through its networks. Shortly thereafter, she was given the first delay of the 90-day ban.

On Sunday, US President Donald Trump said he did not want to deal with Huawei, leading to assumptions that the United States may not give the tech giant a new 90-day deadline. The Huawei issue is seen as an increasingly important part of US-China trade talks after China complained that its companies were being treated "unfairly" in the United States after Washington banned its government agencies from buying Huawei equipment.

Survey: 34% of economists expect the US economy to stagnate in 2021

34% of economists expect the US economy to slow and stagnate in 2021, according to a survey conducted by the American Association of Business Economics. This is higher than 25% in a survey conducted in February, and only 2% of respondents expect the recession to start this year, while 38% expect it to occur in 2020. The survey was conducted on the 226 respondents Essential in companies and trade associations, between July 14 and August 1.

Wall Street Openings
  • The Dow jumped 1.22% or 312 points at 9:30 ET.
  • The Nasdaq 100 rose 1.47% at 9:30 am EST
  • The S&P 500 rose 1.17% at 9:30 am ET.

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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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