uoyed by US-China trade talk progress, FOMC minutes indicating a more flexible U.S. Federal Reserve Bank and a weaker-than-expected CPI number, the S&P 500 increased 2.5% and the U.S. dollar weakened 0.57%.
uoyed by US-China trade talk progress, FOMC minutes indicating a more flexible U.S. Federal Reserve Bank and a weaker-than-expected CPI number, the S&P 500 increased 2.5% and the U.S. dollar weakened 0.57%.
erns over weak China and U.S growth primarily responsible for setting the tone.
Specialty silicones are a growing business, and platinum’s catalytic properties are key to their formulation in a process known as ‘curing.’
Despite Chinese trade concessions (ie, reduction of automobile tariffs and the resumption of U.S. soybean purchases), fears of weaker global growth in general and of weaker Chinese growth in particular spurred increased concerns of slower U.S. growth.
Receding expectations of improved trade relations between the U.S and China combined with concerns of weaker economic growth in the U.S. moved the U.S dollar, U.S stock markets and U.S. treasury rates lower last week.
Platinum is used in many ways, from cancer treatments to improving crop yields, making a real difference on a daily basis.
A combination of growing expectations of a positive meeting between the U.S. and China during the weekend’s G20 conference in Argentina and dovish comments from Fed Chairman Jerome Powell regarding monetary policy helped move U.S. equity markets higher and the U.S. dollar and 10-year Treasury rates lower.
Continuing concerns of slower global growth compounded by growing concerns of a U.S. slowdown helped push the S&P 500 lower last week moving its year-to-date performance into negative territory for the first time this year.
Up nearly 0.7% through Tuesday on expectations the U.S. Federal Reserve Bank would continue raising interest rates as a result of a stronger-than-expected PPI report the previous week, the U.S. dollar finished the week down almost 0.5% after Federal Reserve Bank Vice Chairman Richard Clarida commented that interest rates are reaching neutral levels and that the U.S.Federal Reserve Bank needed to be aware of any slowing of economic growth.
Initially weakening on the back U.S mid-term election results, the U.S. dollar moved higher on Thursday and Friday with a stronger-than-expected PPI report on Friday and an FOMC statement – coming at the end of a 2-day meeting on Thursday– indicating the Federal Reserve Bank would continue with its tightening policy.