Trump and the federal pay the Wall Street indicators to record a weekly loss

The wave of recovery in US equities faded this week after the chairman of the Federal Reserve Jerome Powell rejected the idea of ​​intervention to support markets, who made President Donald Trump angry, who announced a series of agreements on Thursday. The S&B 500 fell 1.5% over a four -day period and reduced its losses after Trump said that a commercial agreement was expected with the European Union, without providing details or schedule. The US president was more beautiful about an important agreement between the United States and the Ukraine in the metal sector, and note that the agreement will be signed next week. The fluctuations before the Friday holidays led to the registration of the “Nasdaq 100” index, which is dominated by the technological sector, a weekly loss of 2.3%. Trump attacks Federal President Trump, who attacked the Federal Reserve on social media, saying that “Powell’s dismissal could not happen fast enough,” and emphasized that federal interest rates should have lowered this year, or at least to do so. Later, Trump told reporters that he could dismiss Powell “if he wanted to.” This public criticism came after Powell on Wednesday indicated that he would follow the approach “waiting and anticipation” regarding the impact of the trade war on inflation, disappointed the hope that it quickly intervened to support the markets. However, these moves were less serious than the previous week, which saw that there were large fluctuations in stocks, bonds and dollars, due to Trump’s sudden decisions in commercial policy. Repeated changes in customs duties undermined confidence in the US dollar, extending its series of losses for the third week in a row. Federal independence at stake in the bond market, US Treasury bonds returned on Thursday, with a decrease in weekly government bond profits. The high oil prices were extra pressure, as well as Trump’s criticism of Powell. Krishna Gaa of Evekor pointed out that the independence of the Federal Reserve will be an important axis in the coming period, especially with the transfer of customs lights to consumer prices. He wrote to clients in a memorandum: “This is the federal continuous confidence, amid a decline in managing the administration, which has drawn the market response so far: real interest rates higher, weaker dollar, the extraordinary decline in US equities, but without inflation or inflation stagnation.” GAWA also warned that a case related to the two most important organizational bodies rejected independently by Trump could be an important indication of any possible consequences for the independence of the Federal Reserve, and added sarcastically: “If you keep the chaos of customs duties in the markets, you will keep the scenario of federal loss.” Several indicators in the economy have dropped unemployment assistance in America to the lowest level in two months, citing the stability of the labor market, while the federal “Philadelphia” index dropped, disappointing all expectations, which is an early warning from the manufacturing sector. The energy sector was one of the best performance sectors this week, after the price of the West Texas roughly rose by more than 5%, in its biggest weekly profit this year. Treasury Secretary Scott Payette indicated that he was prepared to take measures aimed at reducing the oil export from Iran to scratch. In corporate news, the shares of health insurance companies fell on Thursday, after the United Health Group reduced their annual profits, which dropped the Dow Jones Industrial Index, which fell by 1%. Alphabet’s shares also withdrew after a federal judge ruled that Google illegally monopolizes some of the markets of digital advertising technology. On the other hand, the “Eli Lilly & Co” arrow jumped to positive results of a new weight loss medicine, and the “TSMC” TSMC shares in the United States increased after the company, which is the main supplier of “Inviteia” and “Apple”, expected the quarterly sales to exceed the analysts. Trade War: A new round of negotiations after the chaos announced by the comprehensive customs duties at the beginning of the month by the United States, which turns the concentration of investors to develop bilateral negotiations with countries. China remains an essential axis, after Beijing announced on Wednesday that it has set several conditions to agree to hold talks with the Trump administration. The United States and Japan have launched a new round of negotiations, with the aim of reaching an agreement as soon as possible, according to chief Japanese negotiator Riosi Akazawa, who said the second round of the talks will be held later this month. Countries attempt to conclude agreements with Washington to avoid the high fees that Trump imposed – and to hang it later – about 60 commercial partners. This decision has suspended the imposition of comprehensive fees by 24% on Japanese imports, but the 10% fees are still valid, in addition to 25% fees on cars, steel and aluminum. “The market will continue to carefully monitor the path of trade talks between the United States and Japan, not only because of its bilateral consequences, but also as a possible model of Washington’s way of dealing with its commercial relations with other allies,” said Rajev de Milo, Gama Asset Management. A European has drawn the tensions of the European Central Bank to lower interest rates for the seventh time since June last year, amid the increase in global trading tensions that threaten the recovery of the region’s economy. The interest rate on deposits was reduced by a quarter of a percentage point to 2.25%, according to the expectations of the majority of analysts whose Bloomberg asked their opinions. Gold rose to a new standard on Thursday, with the support of the demand for safe ports, before it took off later.