U.S.-Vietnam trade deal overshadows U.S. jobs shrinking

If I had to have a job and pay less for Nike shoes, you would see me running to the office. However, Wednesday’s market movements, Wall Street’in cheaper shoes suggested.

According to ADP, the payroll processing company, the US economy lost its private sector business in June. It is even more surprising because a Dow Jones economist survey would expand its job numbers by 100,000.

Meanwhile, US President Donald Trump announced that the social media site has made a trade agreement with Vietnam, where the country’s southeastern Asian nation will face 20% of the country’s import to America. This means companies that largely trust Vietnam for production, for example Nike– Crocs And LululemonIt will face less laborious costs and may not increase the prices too much compared to the original 46%original tariff rate.

After weighing both news, investors decided that good news was more important and lifted the S&P 500 to a new closing summit. The ADP report had an acne registry to estimate official business figures from the US Office Bureau of Statistics. However, it is worth thinking that this is a sign that the financial markets may be a little disconnected from the real economy: Who can pump shoes and pump stocks?

Hong Kong’s public offering market is burning – here is what feeds on the fluctuation

This is the world’s largest listing target this year, exceeding the Nasdaq and New York Stock Exchange. PWC PAINTED TO 100 IPO This year at Hong Kong, total donation collection exceeded $ 25.5 billion.

– Anniek Bao