Wall Street stands up with the hope of commercial offers that can make a recession

New York (AP) – North -American stocks increased on Thursday after the United States and UK announce to Treating trade This would reduce some rates between the two countries, the first of what Wall Street hopes to be enough agreements to prevent the recession to hit the economy.

The S&P 500 increased by 0.6% for its eleventh gain in the last 13 days. The industrial average of Dow Jones added 254 points, 0.6%, and the NASDAQ compound increased by 1.1%.

It was not just stocks. Bitcoin jumped above $ 101,000 and raw prices increased, while the gold price was reduced as investors felt less need for safety. Treasury returns increased the most commercial treatment with other countries may mean that the Federal Reserve will not have to reduce interest rates, both abruptly and feared in order to achieve the economy.

Stocks and other financial markets have been swinging for weeks in the hope that President Donald Trump could reach these agreements, which would reduce his rates, which many investors believe that they would cause a recession if left in control.

Trump praised on Thursday what he called a “maximum trade agreement” with the United Kingdom, which will maintain 10% of rates in UK products, but would reduce taxes on cars in the United Kingdom in exchange for greater access to the UK market for beef, ethanol and other United States products.

Trump said it may take weeks to finish all the details of the United Kingdom Agreement, but also gave potentially encouraging updates to the outstanding conversations with an even greater trade partner, China.

The second largest economy in the world is Met with high-level US officials in Switzerland this weekend. China has requested that the United States cancel its rates, while Trump has said that it would not reduce its 145% rates to Chinese goods as a condition of negotiations.

Asked on Thursday if you would consider lowering the rates to Chinese imports if the conversations this weekend are good, Trump said: “It could be. We will see it. Right now, it cannot be increased. He also said that he hopes that conversations in Switzerland will be” noun “.

In addition to the hopes for offers on trade, the strong benefits of American companies have also helped bring the S&P 500 closer to their maximum time in February. It returns to 7.8% after falling almost 20% below the brand a month ago.

Axon Enterprise, the company that sells Tasers, body cameras and other public security teams, jumped by 14.1% after joining the list. It benefited from a strong growth in its software and services, and increased its income forecast throughout the year.