Wall Street has closed with moderate sales (Dow Jones: -0.45%; S&P500: -0.25%; Nasdaq: -0.30%) This Monday after the US president, Donald Trump, will sign an executive order to extend for an additional period of 90 days the commercial truce with China that both countries signed in May. The extension of this truce was somewhat expected by the market, and it is that It was anticipated by Secretary of Commerce of the country, Howard Lutnick, While the teams of the two main economies of the world met in Sweden to bring positions and seek a reduction in mutual tariffs. After mutually rising the tariffs above 100% during the last spring, both powers agreed a 90 -day truce in May to reach a commercial agreement. So, Beijing and Washington set on August 12 as the deadline to reach an agreement Before the levies returned to punitive levels of 125% for US exports and 145% for Chinese, and finally the extension was signed hours before the end of the deadline. The week that begins today is atypical of this summer era. During the next few daysinvestors will be attentive to numerous references of all kinds: Macroeconomic, political and business, with some quarterly results of less entity. Recently, Nvidia and AMD have agreed to yield to the US government 15% of revenues from the sale of chips in China to obtain export licenses for semiconductors. Also, last week Trump announced that he would implement a 100% tariff to semiconductor imports and chips, unless a company was «manufacturing in the United States.» On the other hand, Trump will hold a meeting with the Russian president, Vladimir Putinnext Friday, August 15 to try to reach a Peace Agreement in Ukraine. The Ukrainian President Volodimir Zelenski or the European Union (EU) will not participate in the meeting. It is believed that Russia will demand that kyiv give in all the territory that goes from Donbás to Russia, as well as Crimea.
Many macro references
In the macroeconomic scene, the great appointment of the day is this Tuesday, with the publication of the July inflation data. The market expects the Consumer Price Index (CPI) rebounded a tenth percentage in its general and underlying rate, up to 2.8% and 3%, respectively. Any surprise, both up and down, could move the markets a lot. This is because the latest data, especially those of employment, reflect that the US economy is slowing more than due. This, experts point out, has increased the chances of the Federal Reserve (FED) to lower interest rates in the coming months. The consensus practically It takes a decrease of 25 basic points in September and analysts like those of ING They do not rule out three cuts in the remainder of the year. «If the Fed cuts the types in September, as we believe now, it is unlikely that it is the end. We suspect that they will try to place the types below 4% by the end of the year, so they will continue with cuts of 25 basic points in October and December, and then evaluate the situation. This would leave the range of official interest rates in 3.75% -3.5%, above the level of 3.00% that the Fed continues It will average the interest rate of the federal funds in the long term, «they point out. At a time when Trump is trying to Build a fed related to your ideasit will be interesting to see what the main members of the US Central Bank think. Therefore, it is convenient to pay attention to the public interventions of numerous members of the Central Bank: Jeff Schmidpresident of the Fed of Kansas, and the governor Thomas Barkin They will speak on Tuesday; Austen GOLSBEEpresident of the Fed of Chicago, and Raphael BOSTICPresident of the Fed of Atlanta, they will do so on Wednesday. On Thursday the weekly unemployment data and the production price index last month will be published. Finally, on Friday, July retail sales will be known, as well as the feeling index of the consumer that the University of Michigan elaborates, among other references.
Other markets
In other markets, the oil It has risen in moderation, with the barrel of Brent in $ 66.79 and that of WTI at $ 64.12. He euro 0.30% ($ 1,1604) has depreciated, while gold It has fallen 2.59% from maximum ($ 3,403). He 10 -year -old American bonus yield It has moderated up to 4,275%. Finally, the Bitcoin has added 0.06% ($ 118,776).
