Despite the macroeconomic factors that swirl over Wall Street, a relative calm has risen in the markets. At the time of the letter, the S&P 500 rose 0.8% last day, Nasdaq rose by 1% and the FTSE by 100 by 0.5% in early trade this morning. The S&P Futures rose by 0.23%this morning, Premarket.
It is far from the chopped trade in the past few months when investors reacted to Trump’s tariff announcements. Military campaigns in the Middle EastAnd Causes regarding the attempts of the White House to influence the central bank.
Minister of Commerce Howard Lutnick had more good news for speculators this week. Last night he confirmed late at night that the Oval Office prepared a number of shops that were signed by Trump before the end of the 90-day break.
Lutnick also revealed part of the system how other negotiations can be accelerated. He said America’s Top -10 deals with partners were used as a category blueprint for other agreements. The explanation of the White House will “bring you to the right category, and then these other countries will fit behind it.
With preliminary framework with Great Britain and China, the speculation about who could be the following agreements.
Japan and India seem to be strong competitors, since both governments could prove noise from negotiations as fruitful.
In Japan, for example, Lutnick said Bloomberg The nations are currently discussing the series of US tariff measures, and we will continue to make our greatest efforts as the top priority. ”
Those who do not have a deal will also be divided into their “real buckets” on July 9, the end of the 90-day break.
Lutnick said: “Those who have business will have offers, and everyone else who negotiates with us will receive an answer from us and then they will go to this package.
“If people come back and negotiate further, they are entitled, but this tariff set is determined and we will go.”
The trade secretary also confirmed a deal signed with China – “they will deliver rare earth” and if this happens, “we will reduce our countermeasures” – but if he hoped for a gold star of Marketinger, You won’t be upcoming.
As the chief economist of UBS, Paul Donovan, wrote in a morning note to Fortune: “The US Minister of Trade Lutnick has explained an agreement with China on the trade. The markets do not take care of it, since this only seems to be a codification of the agreement made in Geneva.
He added: “Lutnick promised ten trade agreements (no news about whether this includes the penguins of the Heard and McDonald Islands).”
Eye of the storm
Analysts can go to the weekend by “Why the short relaxation?” Questioned in which he questioned himself to get the short relaxation? with So much uncertainty was still swirling. At the beginning of the week there were economists Nervously in mind whether the Iran parliament would close the Hormuz streetA blockade of the world’s worldwide oil supply that could sharpen prices. But this fear has decreased. Goldman Sachs’ Yulia Zhestkova Grigsby and her team provided the chances that Iran closes the ocean bottleneck with only 4%, in a note that was sent to customers yesterday.
The relative calm can only be the eye of the storm, wrote Jim Reid from Deutsche Bank in a note of Assets this morning.
“For the time being, a rare time of 2025 seems to have broken out. “At the moment, however, the markets do not think about the upcoming tariff period of July 9th.”
He added that President Trump’s potential early intervention in the naming of the next Fed chairman will also generate expectations of lower loan costs in the future. Trump’s candidate is expected to be more open to reduce interest.
“It will say whether this will prove to be a further wrong dawn,” added Reid.
Here is a snapshot of the campaign before the opening in New York this morning:
- For the third day in a row, investors will observe whether the S&P 500 can break his record.
- The S&P 500 Closed yesterday at 6.141, just a few points under his record high from February (6,144.15).
- S&P Futures had increased by 0.24% this morning and costs 6,2090 USD to the all-time high.
- Stoxx Europa 600 Had rose by 0.85% in early trade this morning.
- The Great Britain FTSE 100 reached 0.5% in early trade.
- Japan’s Nikkei 225 Had rose by 1.43% this morning.
- The main indices in South Korea, Hong Kong And China Everything rejected.
