Stocks saw a rise yesterday after U.S President Donald Trump decided to delay imposing tariffs on auto imports for a period that could go up to six months.
As reports started coming in that the tariffs of as high as 25 percent on cars could be stalled and US Treasury secretary Steven Mnuchin’s stated that he thinks “we are close to an understanding with Mexico and Canada,” stocks were sent into the green. According to Yahoo Finance, the S&P 500 rose 0.58 percent towards the end of market close and the Dow rose 9.45 percent and Nasdaq advanced by 1.13 percent.
The European market also saw a rise as the Stoxx 600 was up by 0.5 percent and the FTSE 100 was up 0.8 percent.
Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.
© 2000-2020. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at firstname.lastname@example.org.