Jerrys: Stocks Rise on Biden Tariff Comments; Dollar Drops: Markets Wrap

Shares and the yuan have improved after President Joe Biden said the Chinese tax imposed on Trump's administration is being processed. The Dollar and Treasuries are down.

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US budget futures rise amid expectations that negotiators will help pull the S&P 500 back to bear market levels. Power and basic resources have led to gains in the Stoxx 600 Index of Europe, while Asian stocks and emerging markets are on the rise.

The euro rose to an all-time high in four weeks and most regional bonds fell after European Central Bank President Christine Lagarde said the ECB was likely to start raising interest rates in July and fall below zero by the end of September. Funds are down as investors debate the Federal Reserve's firm approach amid growing concerns about the economic downturn.

Traders have interpreted Biden's comments that he would discuss U.S. tax on Chinese trade with Treasury Secretary Janet Yellen when she returns from her Asian trip as a sign that there may be a postponement of certain measures imposed by Trump.

"Today's desire to risk stems from the US President's announcement that trade prices imposed on China by former Trump officials will be discussed," said Pierre Veyret, a technology analyst. "Investors see this as a slowdown in the trade war between the two major economies, and this has revived the prospect of trading in risky assets."

Separately, Biden said U.S. troops would intervene to protect Taiwan from any attacks from China, a statement that appeared to contradict the long-standing US policy of "strategic ambiguity" before they were repatriated by White House officials. At the same time, his superiors announced that twelve Indo-Pacific countries would join the US in a new economic plan designed to combat China's influence in the region.

Among the significant commercial measures ahead, VMware expanded after Bloomberg News reported that Broadcom was in talks to acquire a cloud-computing company. Antiviral stocks and vaccines have also risen among the widespread cases of the monocytox virus.

In Europe, oil prices rose sharply and Siemens Gamesa Renewable Energy SA gained momentum after Siemens Energy AG pledged to take over. Basic metals have extended their return from as low as five months as demand looks have been strengthened by a weaker dollar.

Ukrainian President Volodymyr Zelenskiy has reiterated his call for a ban on oil, technology and other trade with Russia, saying there should be no alternative to sanctions on the country's banking sector.

Equality has been volatile as investors examine the impact of China's Covid policies and financial stability on the vision of major global economies. Beijing has reported a record number of cases, raising concerns about the closure of the facility.

The minutes of a recent Fed-level setting meeting will give markets an understanding this week about the tightening of US central banking. The President of St.

"As the economic downturn caused by brutal financial tightening, Russian-Ukrainian conflicts and China's strong Covid closure continue, we expect significant market volatility," Louise Dudley, global portfolio manager at Federated Hermes Ltd., said in a statement. .

Here are some of the key events you can watch this week:

Atlanta Fed President Raphael Bostic, Kansas City Fed President Esther George speaking at events on Monday

ECB Governing Body members Robert Holzmann and Joachim Nagel, BOE Governor Andrew Bailey discussed inflation at Monday's event.

Eurozone S&P Global PMIs on Tuesday

New US real estate deals, S&P Global PMIs on Tuesday

The Reserve Bank of New Zealand level decision Wednesday

FOMC minutes Wednesday

The ECB publishes the Financial Stability Review on Wednesday

Bank of Korea ratings decision Thursday

US GDP, the first nonsense claims on Thursday

US PCE principal price index; income and personal expenses; wholesale inventories; Feature of customers at the University of Michigan on Friday

Some of the key steps in the market:

Stocks

Future on the S&P 500 rose 0.9% from 6:45 a.m. New York time

Future on Nasdaq 100 up 0.7%

Future on Dow Jones Industrial Average is up 0.8%

Stoxx Europe 600 up 0.7%

MSCI World index rose 0.4%

Funds

The euro rose 1% to $ 1.0665

The British pound rose 0.8% to $ 1.2574

The Japanese yen rose 0.3% to 127.49 dollars each

Bonds

Treasury 10-year profit improved by four points to 2.82%

Germany's 10-year harvest improved by three basic points to 0.98%

Britain's 10-year harvest improved by three points to 1.92%

Goods

West Texas Intermediate crude rose 1.1% to $ 111.48 barrel

Gold futures rose 1% to $ 1,867.40 ounce

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Courtesy Grizler.com

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