Trump’s Reports Bring Market Stability

Trump's Reports Bring Market Stability

US stock markets largely fell on Monday. At the close of trading in New York, the Dow was calculated at 42,706 points, a minus of 0.1 percent compared to the previous trading day.

Just earlier, the broader S&P 500 was calculated at around 5,975 points, a 0.6 percent increase, and the technology stock market, Nasdaq, calculated the Nasdaq 100 at around 21,562 points, a 1.1 percent increase.

A report that the customs plans of the future US President Donald Trump might not be as radical as initially expected may have caused relief among investors. According to this, the tariffs will only be raised in certain critical areas. The papers of automaker manufacturers rose subsequently, in part significantly.

There were also fresh impulses among chip manufacturers. Microsoft plans to invest 80 billion dollars in the construction of data centers for artificial intelligence. Nvidia led the stock list in the Dow at the start of the week.

The European common currency was stronger on Monday evening: one euro cost 1.0388 US dollars, and one dollar was accordingly available for 0.9626 euros.

The gold price showed weakness, with 2,635 US dollars being paid for one fine ounce (-0.2 percent) in the evening, equivalent to a price of 81.54 euros per gram.

The oil price, on the other hand, fell: a barrel of the North Sea’s Brent type cost around 76.19 US dollars at Monday evening around 9 pm German time, a decrease of 32 cents or 0.4 percent compared to the close of the previous trading day.