Trade war could hurt these economies far more than U.S., China (news: 05/07/18)

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Alpari Market Review
Alpari Market Review
Today’s press

Tech leads Wall Street higher as trade fears ebb

(Reuters) – U.S. stocks ticked higher on Thursday on signs that Washington may dial back on plans for tariffs on European cars, soothing some worries about trade even as China looked set to face U.S. tariffs.

Trade war could hurt these economies far more than U.S., China

LONDON (Reuters) – Investors watching the trade tit-for-tat between the United States and China may well have reason to fear the havoc a full blown conflict between the world’s two biggest economies could wreak on the global economy.

Spain’s Lawmakers Push for Blockchain Use in Governance

Spain’s main conservative party believes the government should utilize blockchain to operate the country’s public administration more efficiently.

Next trading day’s important events

15:30 (GMT+3)  Nonfarm Payrolls (Jun)

15:30 (GMT+3)  Average Hourly Earnings (YoY) (Jun)

15:30 (GMT+3)  Net Change in Employment (Jun)

15:30 (GMT+3)  Unemployment Rate (Jun)

Forex quotes:

USDJPY: 110.56

EURUSD: 1.1699

Indices:

S&P 500: 2721.43

NASDAQ: 7528.64

 

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