Moderate sales on Wall Street while Trump threatens with more tariffs

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By TP


Wall Street has closed with moderate sales (Dow Jones: -0.14%; S&P500: -0.49%; Nasdaq: -0.65%) this Tuesday while the US president, Donald Trump, threatens to impose more tariffs. On this occasion, he has warned about a possible 35% rate to the EU if it does not invest 600,000 million in the US, And he has also threatened to raise tariffs on 250%pharmaceutical products, while advancing a new round of semiconductors. Trump's threats have weighed on the indices, which began the session with profits when The Fed will lower types in Septemberdue to the weakness of the US labor market, as indicated by the data published last Friday. In this sense, the president of the Fed of San Francisco, Mary Dalyhas changed its monetary position after the deceleration of the labor market of the last three months. «I was willing to wait for another cycle, but I can't wait forever«he said Monday. Although he did not commit to a type cut in September, he added that» each meeting onwards is a Active meeting To think about these monetary policy adjustments. «» I think it is most likely that Let's have to make more than two cuts. The Fed should be preparedaccording to my criteria, to do more if the labor market seems to be entering that period of weakness and we have not yet seen side effects on inflation. «Thus, Employment and inflation data in Augustwhich will be published before the Central Bank meeting of the next September 17 They will be decisive for the agency to begin a new cycle of monetary flexibility, which would be very well received by investors. For this Tuesday, prominent data has also been known, especially activity data PMI and ISM Julio Servicessince this sector is two thirds of the United States GDP and its evolution is vital for the economy. The indicator has shown a brake of the sector in July.

Other prominent references

In other outstanding references, the actions of Palantir Technologies They have advanced 7.85% after the technology company has exceeded the forecasts of consensus with its results, presented last night. Besides, Pfizer's shares have risen 5.10% after the company published its quarterly accounts, which include a upward review of the forecast of benefits for the whole of the year.
Before opening, they have published their figures Yum! Brands and Foxand after closing it will be the turn of Snap, Advanced Micro Devices and Rivian.

Other markets

In other markets, oil Brent has fallen 1.59% ($ 67.67), the euro 0.03% ($ 1,1573) and the ounce of gold has added 0.23% ($ 3,434). For its part, the profitability of the 10 -year -old bonus has rebounded 4,202%, and the Bitcoin has yielded 1.24% ($ 113,405).

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