(Circlefinance.com) – After a week of volatility flirting with the climax of the beginning of August, marked by a succession of episodes worthy of a ‘unreleased Saloon’ door since March 2020 (COVVI), this session was strangely calm.
And this, despite a new burst of announcements that have sometimes aroused euphoria (‘The surcharges are canceled, it will open up 7% on Monday!’), Sometimes the disappointment (‘Trump did not give up his prices and his strategy becomes illegible, it’s bad for Wall Street’).
After having displayed initial gains close to +2%, certain clues like the Dow Jones had repeated everything in mid-session, the Nasdaq even making a foray into the red.
Buyers have regained the hand from 8 p.m., but that did not return Wall Street to the summits: the Dow Jones and the S&P 500 win +0.8%(in the wake of General Motors +3.5%, Goldman Sachs +1.9%and Apple +2.2%, thanks to customs duties reduced from 145 to 20%), while the Nasdaq takes +0.65%.
-The SOXX (semiconductive barometer) also climbs by +0.65%, but AMD crumbles by -0.4%, NVIDIA of -0.45%, Broadcom of -0.5%, TSMC of -0.8%, Marvell Technology of -2.1%. Note the relapses of Meta -2.2%, Mongodb -2.6%, and Applovin -5.5%.
The American treasury bills (T -bonds), which had known their worst week since 1988 (+50 base points), ended up relaxing at the end of the session, but it turned out to be laborious: the rate at 10 years erased -10 basic points at 4.394%, 30 years -6 base points at 4.815%, 2 years -10 years -10 basic points at 3.853%.
Carried away by a real maelström last week, the dollar fails to resurface, and the dollar index crumbles from -0.2% to 99.65, confirming a decline of -4% since April 2 and a loss of -5% against the euro (1.1370/1.1350 this Monday).
But this weakness should constitute an advantage against Europe … On the other hand, it will be neutral against China: Beijing pilot the Yuan downwards, stabilizing it now around $ 7.27.
