Commercial taxes and bank shares fall on signs of inflation in the US ending

This letter: Unselected

The most important marketplace in the market is how well Wall Street’s positive ideas respond. We are saved on the weekend.

US government agencies have been strengthened as bank shares gained momentum in major markets on Tuesday, while US economic growth has encouraged investors to recognize Settlements they will have more time to remove the attractions of the crisis.

More Tuesday releases showed the headline Prices purchased in the US rose 5.3% year-on-year to August, slightly from the 5.4% inflation rate recorded in July.

Yields on the 10-year economic sentiment, which moved in price, fell by 0.05% to 1.28%, when it reached its lowest level in less than a week. Yields recorded over the two-year Treasure period, which is strongly influenced by future interest rates, also declined, falling to 0.01 to 0.21%.

The S&P 500 closed New York’s share by 0.6%, while inflation is the worst-hit index on the blue-chip index. Nasdaq Composite which focused on technology fell by 0.4 percent.

Fed Chairman Jay Powell has said the rise in prices has been due to minor issues related to the epidemic, such as shipping interruptions and rising second-generation car prices related to chip shortages in computers.

The short-term expectations for a slowdown in trading fell slightly after the release of the figures, which showed that customer prices rose by 0.3% in August since July. The five-year inflation rate – which is expected to hit the economy in five years – fell from 2.57% yesterday to 2.52% after the morning price, the lowest since September 3rd.

“We are seeing a slowdown in economic growth,” said Zehrid Osmani, Martin Currie’s global trust manager. “The financial crisis will end by the end of this year.”

Researchers at TD Securities added: “Reducing inflation makes money less efficient.”

But some traders remain fearful of rising U.S. consumer prices, which could lead to economic uncertainty as an increase in economic growth from the end of 2020 onwards.

“I am confident that inflation will remain stable,” said Kasper Elmgreen, chief of financial services at Amundi, referring to rising wages as US counterparts strive to meet their responsibilities. “We live in a difficult place to make money.”

A Bank of America survey of 258 financial managers found that a 13% increase expected global economic growth, which is the lowest since April 2020. But half of respondents still believe stock markets will improve.

“Growing optimism means money will be wasted,” Bank of America officials wrote in a newsletter following the study.

Across the Atlantic, the Stoxx Europe 600 international contract closed unchanged, while the German Dax closed 0.1 percent. The UK FTSE 100 closed 0.5 percent down.

In Asia, Hong Kong’s Hang Seng fell sharply for the second day in a row, closing 1.2%, and China’s CSI 300 dropped by 1.5 percent. However, Japan’s Nikkei 225 Average has risen by 0.7 percent to its highest level since 1990.

Brent crude, a representative oil, set 0.1% to $ 73.60 a barrel, ending a powerful two-part conference.

The dollar rate, which measures US currency against six others, was unchanged Tuesday. The British pound weakened 0.2% against the dollar to $ 1.381 while the euro fell less than 0.1% to $ 1.181.