Wall Street in the “WE WE ARE, WE WILL SEE”. Stock Exchange without a special reaction after the meeting Trump-Zełenski
The most important background of the day was conversations in the White House. The President of Ukraine came to Washington together with the delegation of EU leaders to meet President Trump after his earlier, fruitless meeting with Vladimir Putin.
United States They press on a quick agreementand the discussions concerned, among others security of Ukraine, the scope of possible guarantees and the future of relationships with NATO. European leaders emphasized that peace could not mean territorial concessions to Russia. These conversations gave the markets a tone of waiting. Investors assessed whether the conflict would be deested, or on the contrary – to a new portion of geopolitical uncertainty.
This was especially visible on the raw materials market. Oil's quotations slightly increased during the day, because players calculated whether any progress in Washington would change the prospects of supplies and sanctions. It was not a rapid movement, but a signal that Ukraine's topic remains one of the important factors for energy and more broadly, for risk appetite.
Without a clear hero
At the level of companies and sectors, Monday did not bring one common hero. The health sector had a better day, including After information about the new use of Wegova Novo Nordisk's quotations have increased. In technology, the moods were mixed, which together gave the market a neutral effect.
Novo Nordisk shares increased by over 7.80 percent. In the last 5 days and 3.74 percent Today
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For a wide picture, however, what is not more important was: a clear message on interest rates and a clear result of conversations in Washington.
Special offer
The market is still alive for what can happen this week. First of all, we have a season of the results of the largest retail chains (Home Depot, Target, Walmart), which will give fresh insight into the condition of consumers. Secondly – from Thursday the annual symposium of central banks in Jackson Hole, and Jerome Powell's Friday speech may suggest whether at the September Fed meeting the Fed will actually cut the feet, which the market is still moderately counting on.
It all favored caution and stopping just below the records today.
Balance point
After today's session you can see that The stock exchange is at the balance point. On the one hand, a record strong economy of companies and hopes for lower feet, on the other – politics and geopolitics that can change this puzzle quickly.
In practice, this means that the mood is good, but fragile, and any stronger signal from the FED or Washington can quickly move the clue to one of the sides.
