Wall Street indicators restore with the support of the profits of technology and commercial negotiations

The appetite for the risk returned to Wall Street, after the profits of the powerful strong technology companies prevailed last month under the shock of customs duties, which encouraged investors to sell US assets in global markets. The “S&B 500” index has risen eight consecutive days, in its longest series since August, while the “Nasdaq 100” index ended Thursday, 1.1%. The shares of “Microsoft” and “Mita platforms” jumped against the background of positive results and supported the most important stock. Reports have also contributed to the United States considering reducing some restrictions imposed on the sales of ‘Invidia’ for the Emirates to pay the company’s share. Treasury bond yields have increased, which brought the return on bonds for ten years to about 4.22%, after investors slightly reduced their bets to lower US interest rates this year to the factory activity data. The dollar index also rose after reports indicating that the administration of US President Donald Trump has contacted China to begin negotiations on fees. The profits and trade conversations pay the markets to optimism. The profits of technology companies are currently the most important driver for optimism in the markets, as well as the expectations that commercial agreements can give many countries a break from the high customs duties announced for the first time on April 2. With the closure of the markets, the results of Apple’s business will come out to find out how the business sees the impact of fees on its business. Amazon.com is also scheduled to announce its financial results. After the traders valued a wave of profit reports on Thursday, they will focus on the US job report published on Friday, the last important data for this week. “So far, we see great technology companies meet the expectations of profits, and this is reassuring,” said Giorgios Lionares, the investment officer for the European, Middle East and Africa region at HSBC Global Private Banging. He added: “The other element in the story, together with profits, is the ongoing debate over whether or not the customs have reached its peak or not.” An increase in unemployment subsidies and the decline of manufacturing. Weekly data has shown that the number of requests for unemployment subsidy in the United States has jumped to its highest level since February, while industrial activities have shrunk at the largest rate since November. Among the other companies that reported their results, General Motors reduced its expectations for the entire profits of the year and pointed out that they were affected by fees on car imports, which is one of the biggest financial losses that any company has so far revealed due to commercial unrest. As for the shares of “McDonald’s”, they dropped after their sales came without expectations in the first quarter. The shares of “Qualcomm” also landed after the company issued faded expectations, indicating that customs duties could weaken the demand for their products. Despite some poor financial results, morale remained positive after a report said the United States made active efforts to communicate with China via various channels. On the other hand, Trump upheld his challenging position and said Wednesday that he would not rush to enter into agreements to satisfy the anxious investors, and emphasized that the market fluctuations “have nothing to do with customs duties.” Limited declines in gold were most markets in Europe and a large number of markets in Asia due to official holidays. The yen fell after the Bank of Japan said it would take longer than expected to achieve its goal of inflation. In the commodity markets, gold dropped to the lowest level in two weeks, amid indications of progress in trade discussions between the United States and other countries, which reduced demand for safe assets. US oil futures also ended a three -day chain of losses with the support of the recovery of equities and the threat of President Trump to compile more comprehensive sanctions against those buying Iranian crude oil. In geopolitical development, the United States and Ukraine have reached an agreement on achieving natural resources in the country, providing some reassurance to Kiev officials who were afraid of Trump’s support for them in peace negotiations with Russia.