The S&P rose 2.8% in the open at the beginning of April 500. The Nasdaq 100 index was in the part of the bull market, which was powered by the resurrection in the megakape tech stock. The dollar fell rose and treasury.
US And simplifying trade tensions between China, investors have a clear indication that the Trump administration is taking a soft approach to the clashes adopted by global markets a few weeks ago. With the hopes that the US economy could avoid a downturn, traders also pushed their stake that the Federal Reserve did not need to reduce interest rates quickly.
“This news was better than expected,” said Geoffrey U, currency and macro strategist for EMEA at BNY Mellon. “We doubt
The market will forget April, but the worst situation is now a distant memory and people will allocate accordingly. “
Etmarkets.com
Large tech stocks, which made a comeback in the cell OFF, led the Nasdaq 100 index at 3.4%, advanced. Meanwhile, the properties of the safe shelter, gold, Japanese yen and Swiss franc sank uniformly. The euro dropped by 1.5% to 1.1084 D to the trail, putting it on track for its worst day this year.
Swaps tied to Fed meetings now favor the quarter-point reduction in September. Last week, they suggested a change with July.
What do Bloomberg’s strategists say …
“The last six weeks had only some kind of miserable dream? The suspension of most tariffs between the US and China has suddenly left the trade policy, like optimistic expectations since the beginning of April.”
– Cameron Cries, Macro Strategist
Some investors were careful about the lack of detail in Monday’s declaration and the risk of other flames between Beijing and Vashington Shington.
While both countries have three months to work through their differences, it is not a long time to negotiate complex trade disputes. It is also unclear what the goal is at the end of the cooling-no period. Asked whether to avoid the tariff back up adoption of what would happen in the end of the 90 days, Treasury Secretary Scott Besent suggested on Monday that the conflict was a chance to further increase.
In the meantime, Chinese exporters use the potential time in the U.S. Or will send more products to other countries, increasing the imbalance.
Etmarkets.comRoberto Scolt, head of Singular Bank Strategy, said the U.S. It is unlikely that their record will soon return to Supremacy at any time. He warned that even if there was an agreement, the companies would suffer the confusion and uncertainty of US economic policy.
“We took advantage and bought a sink,” he said. “We are now on hold, but whether the rally sells is weight.”
United Parcel Service Inc. By withdrawing guidance from companies from companies to Ford Motor Co., quoting tariff uncertainty, which is very difficult to navigate.
According to the Bloomberg Intelligence analysis, the average company of the S&P 500 made a 6.1% of its revenue from selling goods in China or in Chinese companies, according to the Bloomberg Intelligence analysis.
Other investors said that the change in sentiment would be sufficient for re -recovery in global markets.
Since about 19% has fallen in February amid fears of a global trade war, the S&P 500 has now recovered half of these losses. In the currency markets, the bounce back is more restrained. The Bloomberg de Dollar Ler Index is 2.7% from its April 2 level.
For equity investors, “there is no more drowning to buy, so if you haven’t invested, it is really hard to go,” De David Kruke said, the head of the La Financer’s D L’quaruer’s trading. “It’s a real pain trade for those who missed a rebound.”
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