By - Jamel Lahiani
Last week, Wall Street has tumbled with trade war intensifies as Trump hikes tariffs on Chinese goods and Beijing announced its own slate of retaliatory measures. The markets were affected also by Trump decision to rate cut that frustrate investors about its impacts to the dollar and world trade.
The head indexes were negative because of trade war negative impact. The NASDAQ is the most loosely which record -3.00%. Dow Jones (US) and S&P 500 indexes record respectively a variation of -2.37 and -2.59. South African Index SA40 realized -0.39%.
The Gold finished the week by an appreciation of 2.67% and records 1546. In the opposite side, the Oil – West Texas crude records 54.2 with negative variation of -2.13%.
Last week, the US dollar price was depreciated face to the Euro and the British Pound with a percent variation respectively of 0.48% and 1. 16%. In fact, the New Home Sales released by the US Census Bureau was bad, followed by the decrease of the Dow Jones index by -2.37% and the Oil – West Texas crude by -2.13%.
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