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United States' stock markets open in green as trade war fears ease

2019-09-12 01:53 pm | Resource: News | No Views : 23

 US markets open in green as trade war fears ease

Equities on the United States' stock markets started trading higher on Thursday driven by optimism regarding the positive developments in the trade war between Washington and Beijing. China's Commerce Ministry welcomed the delay in tariff implementation, while President Donald Trump stated he expected Beijing would buy "large amounts" of US agricultural products. However, Treasury Secretary Steven Mnuchin warned the president was ready to increase tariffs on Chinese products if necessary.

US initial jobless claims down by 15,000 to 204,000

Initial jobless claims in the United States for the week ending September 7 decreased by 15,000 compared to the previous week's revised figure of 219,000 to reach 204,000, the US Department of Labor reported on Thursday. The four-week moving average was 212,500, down by 4,250 compared to the previous week's revised average of 216,750.

The seasonally adjusted insured unemployment rate for the week ending August 31 was 1.2%, unchanged compared to the previous week. The seasonally adjusted insured unemployment during the same week was 1,670,000, down by 4,000 from the previous week's revised figure. The four-week moving average was 1,680,250, marking a decline of 14,500 compared to the previous week's revised average of 1,694,750.

US consumer prices rise 0.1% in August

Consumer prices in the United States rose 0.1% in August, the US Bureau of Labor Statistics said on Thursday, after previously increasing by 0.3% in July. On an annual basis, the Consumer Price Index for All Urban Consumers jumped 1.7% before seasonal adjustment.

Excluding food and energy, the index rose 0.3% in August, which is the same increase as in two previous months. The energy index fell 1.9% in the observed month, outweighing an increase in the indexes for shelter and medical care, while the gasoline index decreased by 3.5%.
  • The Dow Jones Industrial Average gained 0.20% at the opening bell,
  • while the Nasdaq 100 increased 0.56%.
  • The S&P 500 was 0.27% higher concurrently.

The euro dropped 0.29% against the dollar at 3:29 pm ET, to change hands for $1.09786, while the British pound slipped 0.12% to $1.23164 at the same time.


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