Here are the 5 most important things to know about the market this Tuesday, may 21.
The United States have lowered a bit the tension with China, but the Chinese are not impressed.
After that the department of Commerce announced that it would grant specific exemptions to american companies that sell to the telecom giant Huawei for three months, the founder of Huawei, Ren Zhengfei, has said that it would not halt the conflict between the United States and China on the line.
The Organization of Economic Cooperation and Development has again warned that trade disputes threatened to slow the global growth in the long term. According to him, the business investment this year and next year are expected to increase only 1.75%, about half the level of the previous year.
The u.s. stock markets are expected to open higher, after a spectacular recovery in equity markets, asian and european on Tuesday.
At 11.45 am, the futures contract S&P 500 was up 13.4 points, or 0.5%, the contract Dow was up 107 points, or 0.4%, while the contract Nasdaq 100 rose 54 points, or 0.7%.
Previously, the index Shanghai Shenzhen CSI 300 mainland China had rebounded 1.4%, while the Euro Stoxx 600 was up 0.5% and the German Dax up 0.9%.
This is a great day for the sector of retail sales, with the updates of the results expected of TJX, Nordstrom (NYSE: JWN), {{erl-8148 || Kohls} } and Home Depot.
The crude oil prices marked a pause after the rise on Monday, following the escalation of the rings and the verbal between the president and Donald Trump and Iran.
“The current situation is not conducive to the discussion and our choice is only the resistance,” said Monday to the press the president Hassan Rouhani, quoted by the iranian news agency IRNA.
At 11.45 am, the future gross US increased from 0.3 to 63,40 dollars per barrel, while futures international Brent crude oil were stable to 71,97$.
23: 30, the American Petroleum Institute will publish its weekly report on oil stocks in the United States. Analysts estimate that the weekly data from the government indicate a decline of 2.53 million barrels in crude inventories last week.
The dollar is on the rise, approaching the two-year peak he had reached in April, while the trade war could escalate into a war of money. The dollar index, which measures the greenback against a basket of currencies, has reached 97,968 before returning to 97,917.
The dollar was stable against the chinese yuan, but it has strongly increased against the currencies of advanced economies after the australian central bank has announced that it could cut interest rates at its policy meeting next month.
The euro and the pound sterling will continue to evolve as the concerns of Brexit and the results of the elections to the European Parliament this week. In its report, the OECD has warned the Bank of England against raising interest rates in the climate of uncertainty surrounding the Brexit. The BoE has indicated that it believed that the tightening of the labour market would justify a rate increase, all other things being equal.
An economic calendar is relatively light is led today by existing home sales at 16: 00. The consensus is for an increase of 2.7% after a fall of 4.9% in march.
There will also be speeches by the president of the Chicago Fed Charles Evans at 16h45 and the president of the Boston Fed’s Eric Rosengren at 18: 00.
