On Friday, the US dollar fell slightly against a basket of major currencies. The dollar index (#DX) closed in the negative zone (-0.04%). Last week, May 9-10, the 11th round of talks between the US and China on trade disputes took place, which ended without signing an agreement. Donald Trump increased duties on Chinese imports from 10% to 25% $200 billion worth. Vice Premier of the People’s Republic of China, Liu He, announced that China did not intend to cede to the United States. He also said that in response to the raising tariffs from the US, China would take corresponding measures. US President, Donald Trump, believes that the introduction of duties on Chinese goods is fair, and he does not intend to make changes to the current state of affairs. “We are right where we want to be with China,” D. Trump said on Twitter. The President explained: “Remember, they broke the deal with us & tried to renegotiate. We will be taking in Tens of Billions of Dollars in Tariffs from China.”
On Friday, economic data were also published in the UK, US and Canada. Thus, the UK GDP (q/q) rose by 0.5%, as experts expected. The US core consumer price index slowed down to 0.1% (m/m) in April, which was below market expectations of 0.2%. The number of jobs in Canada increased by as much as 106.5K in April, although investors expected growth by only 10.0K. At the same time, the unemployment rate fell to 5.7% from 5.8%.
The “black gold” prices are consolidating. At the moment, futures for the WTI crude oil are testing the mark of $61.90 per barrel.
- On Friday, the bullish sentiment was observed in the US stock market: #SPY (+0.50%), #DIA (+0.57%), #QQQ (+0.12%).
- The 10-year US government bonds yield is at 2.42-2.43%.
The news feed on 2019.05.13:
- Today, the publication of important news is not expected. We recommend paying attention to speeches by the FOMC representatives.