u.s: On Monday, China's Shanghai Composite Index SHCOMP, 1.57% closed at its best level since June thanks to investor excitement over trade, while the major U.S. indexes, the Dow Jones Industrial DJIA, -0.05% and S&P 500 index SPX, -0.11% are looking at year-to-date gains of at least 10%, despite Monday's wobbles, according to Fact Set data, according to Market Watch. Read Stocks may roar to start the month, but end March with a whimper, analysts say Moreover, Shearing said a trade agreement may not deliver an anticipated jolt to a global economy that has swooned outside of the U.S. He said even if a deal between the U.S. and China on trade is ultimately agreed, we don't expect that a trade truce will now provide a substantial shot in the arm to the global economy. With a substantial amount of trade optimism already priced into stocks, a dearth of details on any extant trade pact, and a global growth slowdown swirling, reasons to remain cautious abound, the economist said. Global trade expansion has already slowed over the past several months not necessarily because of protectionist measures involving tariffs but because the global economic cycle is at a point of retreat. Caption outside of wrapper for normal article images Capital Economics anticipates global growth retreating until 2021 due to country-specific factors that will be a drag on their respective regional economies. The chart below illustrates areas of weakness.
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