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Roula Khalaf, publisher of the FT, selects her favorite stories in this weekly newsletter.
North -American stocks eliminated losses until this year, as inflation figures lower than expected added fuel to a rally caused by the Donald Trump agreement with China to reduce rates.
The S&P 500 increased by 0.8 percent in the morning trade in New York after the data showed that inflation dropped us unexpectedly to 2.3 percent in April. The movement expanded a strong rebound this month and left Wall Street’s reference point 0.1 percent larger by 2025.
The increase in commercial tensions had already damaged U.S. stocks before Trump’s “ Liberation Day ” ads sent the S&P tubbling, with the index up to 15 percent by 2025, as investors threw the U.S. assets and reduced their forecasts for economic growth.
But traders stacked in stock on April 9, when the S&P jumped 9.5 percent after Trump paused his “reciprocal” rates In most countries for 90 days, and since then they have continued to take North -American actions.
Stocks increased 3.3 percent on Monday after the United States and China said they would reduce their rates for at least 90 days after talks in Switzerland over the weekend.
“There has been an instant investment in the current trends of recent months,” said Shep Perkins, responsible for capital in Putnam Investments. The agreement had been a “great positive surprise and came out of a fairly low feeling for the United States variable markets,” he added.
Investors have rushed to review their estimates of the economic damage of the trade war. Goldman Sachs increased its forecast for the growth of the US results and its end -of -year S&P goal after the rate agreement, and analysts cited “lower fares, better economic growth and less risk of recession than we had been expecting before.”
The technological stocks, which were among the largest victims of the April sale, led the winners of Tuesday. Nvidia chip maker increased by almost 6 percent, while Palantir increased by 6 percent and Super Micro Server Manufacturer increased by 13 percent, as the Nasdaq compound index increased by 1.5 percent.
Realtors and healthcare stocks were the largest, and Unitedhealth fell 16 percent after its CEO. quit.
Despite the recovery, North – CSI 300 of China, however, is in a negative territory.
Some analysts have requested caution, as North -30 percent -American rates to China’s imports -and at least 10 percent of other places -are still much higher than levels before Trump took office.
“The relief of stress inflicted on politics may be bull on the sidelines, but it does not strengthen the economy or reverses the global slowdown that was already underway,” said Felix-Antoine Vezina-Poirier, a BCA Research strategist.
He added a 10 percent overall rate rate would still be a “state drag” of the United States economy.