Wall Street rises on AI stocks, Tesla teases new product; ASX set to rise
Verizon Communications fell by 5.1 percent after replacing the General Manager of Telekom. Dan Schulman, director and former CEO of Paypal’s company, takes over Hans Vestburg.
In other parts of Wall Street, trade was relatively silent, as the stock market continued to ignore the closure of the US government to a great extent. The federal government’s past closures had a minimum impact on the stock market or economy, and the bet on the Wall Street is that something similar will be again.
Since Japanese stocks increase and the latest political concussions fall, politics plays a more active role in the stock exchanges abroad, as French stocks fall.
Nikkei 225 from Japan increased by 4.8 percent after the country’s Liberal Democratic Party chose Sanae Takaichi as the leader. He was an ally of the late Prime Minister Shinzo Abe, who suppressed lower interest rates and market -friendly policies.
Yen’s value fell to the US dollar on expectations that Takaichi would increase expenditures and possibly contribute to inflationary pressures. This helps to increase the stocks of Japanese exporters who can become more attractive in the global market due to a cheaper new new new products.
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Astris Advisory Advisory Japanese Strategy Chairman Neil Newman said, “Frankly, investors seem to be managed by foreigners so far, looking at the number of shares that move today and strictly moving and moving stocks.”
In Paris, the CAC 40 index fell 1.4 percent after the resignation of France’s new prime minister.
Sébastien Lecornu resigned the day after he named his government and received a political range for the election of the minister. French politics has been in the turmoil that produces a deeply fragmented legislature since President Emmanuel Macron called Snap elections last year.
In the bond market, the return in the 10 -year Treasury rose from 4.13 percent to 4.16 percent late on Friday.
The closure of the US government probably means delays for the US economic reports planned for this week, but investors will have some earning reports, including Delta Air Lines, Pepsico and Levi Strauss.
Despite the closing, the federal reserve will cut the comparison interest rate for the first time this year from the last month’s meeting. A lot in the Wall Street is based on the expectations that the Fed will continue to reduce interest rates this year and next.
AP
Market Summary Bulletin is a winding of the trade of the day. Take each onetoKday afternoon.
