The Stock Market News started this Monday with the rise of Paris. It appears, in the lineage of the Dow Jones and against a backdrop of hopes in the file of the trade war. The big rendezvous is still set for the weekend with the Jackson Hole Economic Symposium
The stock market news starts the week up by Paris, taking advantage of the good end of the session on Friday Wall Street, especially the Dow Jones, up 0.43%. Operators have appreciated the signs of appeasement on the front of the trade war. Meanwhile, negotiations must resume between the United States and China at the end of the month. Deputy Minister of Commerce Wang Shouwen will meet with US Under Secretary of the Treasury for International Affairs David Malpass at the invitation of the United States. Also, President Trump should meet Xi Jinping in November, according to the Wall Street Journal.
Besides, the Mexican Minister of Economy Ildefonso Guajardo hopes that an agreement will be reached by mid-week on the issues that remain unresolved with the United States. It's in the context of the renegotiation Alena. A White House economic adviser confirmed that Washington was 'very, very close' to an agreement with Mexico. Even though Donald Trump has, for its part, declares that this negotiation is not a priority ".
At midday, by the stock market news, the CAC 40 rose by 0.73% to 5,383.69 points, in a trading volume of 556 million euros. Same trend elsewhere in Europe. In New York, the Dow Jones futures contract is up 70 points.
Stock Market news: An eye on Turkey and Jackson Hole in the viewfinder
The operators still keep an eye on Turkey. Indeed the volatility should, admittedly, be a little weaker in the coming days. Equity markets are indeed closed
for a week from 1 pm on Monday, for the holiday of Eid al-Adha. On the other hand, the exchanges are open. And any rebound in this file will not fail to have repercussions on the Turkish lira. Unsurprisingly, Standard & Poor's
lowered the country's credit score on Friday night. A move that was widely anticipated by the stockholders. No impact elsewhere on the currency on Monday and the stock market news.
Remains the appointment that marks the return for investors, especially with Jackson Hole. This symposium, in Wyoming, brings together as each year the great money makers of the planet and the gratin of economists. Investors will listen very carefully to the speech of Jerome Powell (the head of the American Fed), Haruhiko Kuroda (his Japanese counterpart) and Mario Draghi (of the European Central Bank). We follow attentively the impact on the stock markets news.
Stock market news and Symposium
It is easy to imagine that the financial participants hope to glean some information. Moreover on the future monetary policy decisions of the central bank, while it is in full monetary tightening.
The symposium will look at the causes of poor productivity and declining dynamism in economies
. Economists and central bankers will once again be interested in these changes in the structure of the economy. The stock market
news has preoccupied them for several years. Namely the causes of lower investment, declining labor force, slow growth of productivity and wages and the decline of dynamism.
Rome initiates revocation process at Autostrade. On the side of values, Atlantia relapsed by nearly 10%, as the Italian government formally initiated the process of revoking motorway concessions held by Autostrade in Italy, following the collapse of the Morandi viaduct in Genoa last Tuesday.