Strong increases on Wall Street. S&P 500 interrupted a series of four inheritance days

Tuesday, the first this week, session at Wall Street ended with solid increases in the main indexes, and S&P 500 interrupted a series of four inheritance days in a row. Investors were pleased to suspend the US duties on goods from the European Union.

Dow Jones Industrial at the closure increased by 1.78 percent. and amounted to 42,343.65 points S&P 500 gained 2.05 percent at the end of the day and amounted to 5,921.54 points Nasdaq Composite increased by 2.47 percent until 19.199.16 points The index of companies with medium capitalization Russell 2000 is growing by 2.28 percent. and is 2,086.18 points The VIX index drops by 7.34 percent, to 19.06 points

Investors relieved the decision of the US President Donald Trump to suspend the application of 50 percent. customs duties on EU goods until July 9. In the changes, Brussels agreed to accelerate commercial talks with the United States to avoid a transatlantic trade war, which – in the opinion of analysts – is a signal of a more friendly EU approach.

– A truce in the US-EU trade war had to cause a reflection on the stock exchanges, but it is only tactics. For now, nobody knows what strategic position to finally take – said Beatrice Guedj, research director at Swiss Life Asset Management.

– changes in the indexes we have seen in recent days suggest that Markets no longer believe that Trump is taking duties seriously. However, customs classified ads still affect the moods, and this means that the markets will remain cautious in the future – said Daniela Hathorn, a senior market analyst at Capital.com.

Analysts, however, recommend caution against US actions in the field of commercial policy. – We believe that the current level of customs tariffs in the US does not provide stable balance and we do not assume that the US and the EU will be able to communicate as to the mild solution by July – UBS strategists wrote in the report.

Tesla shares increased by 5 percent After CEO Elon Musk said he was moving away from politics and focuses on his companies. Other technology companies also grew, including NVIDIA, AMD, Apple and Microsoft.

US Steel shares increased by over 2 percent After the CNBC sources said that the Japanese company Nippon Steel will most likely finalize the acquisition at a price of 55 USD per share.

This week, investors will follow the results of Okta expected after closing the session on Tuesday, and then the quarterly results will be published by companies such as Nvidia, Macy's and Costco.

The index of trust in American consumers increased in May to 98 points. with 86 points A month earlier – according to the Conference Board report. Analysts expected the index to be 87.1 points.

Orders for permanent goods in the US in April fell by 6.3 percent. MDM in view of the expected decline by 7.6 percent. and an increase of 7.6 percent A month earlier, after correction – the Department of Trade in the first calculation informed.

Orders for permanent goods, excluding means of transport in a monthly basis, increased by 0.2 percent. compared to 0.0 percent a month earlier. This is where a 0.1 percent decrease was expected. MDM.

On the oil market, contracts for WTI in June reduce by 0.91 percent. up to USD 60.97 per barrel, and July Futures on Brent Futures fall by 0.88 percent. up to 64.17 USD/B. (PAP Biznes)

pr/