The US stock market began the previous week on a positive territory, while the S & P 500 and Nasdaq updated their record highs amid optimism about a trade agreement between the US and Mexico.

US President Trump announced that agreements had been reached with Mexico to conclude a new trade agreement in place of the current agreement on the North American Free Trade Area. He added that it has not yet been decided whether the agreement will be joined by Canada or negotiations will be held with it on the conclusion of a separate treaty.

The next day the growth continued, but the S & P 500 and Nasdaq retreated from new record highs, amid optimism about trade agreements, as well as US plans for negotiations with NAFTA partners. Market participants drew attention to data on consumer confidence. The Conference Board said that the US consumer confidence index rose sharply in August after a slight increase in July. The index is now 133.4 compared to 127.9 in July. The index of the current situation improved from 166.1 to 172.2, while the index of expectations rose from 102.4 to 107.6

On Wednesday, the growth slowed, but the S & P 500 and Nasdaq indices, however, managed to update the record highs again, helped by the rise in Amazon.com and Alphabet shares, as well as optimism about the talks between the US and Canada. Canadian Foreign Minister Freeland said about constructive talks with US sales representative Lightheiser on the conclusion of a new trade agreement. In addition, the US outlined a way to settle trade disagreements with China.

On Thursday, the major stock indexes moved to a decline due to the concerns about the trade war. A certain influence on the situation was provided by the statistics for the country. As it became known, in July the Americans spent more of their incomes than last month, which indicates that the economy will have a stable dynamics in the second half of the year. Personal spending - or how much the Americans spend on goods and services, such as groceries and healthcare - rose 0.4% in seasonally adjusted terms in July, compared with a month earlier, the Commerce Department reported. Personal incomes, reflecting income from wages and investments, increased by 0.3%.

The week ended in mixed dynamics amid continued tension over trade negotiations between the US and other major economies. At the same time, the growth of Apple and Amazon supported Nasdaq. Market participants estimated the research grinders that showed that in August the consumer sentiment index fell to 96.2 points compared to the final reading for July of 97.9 points and the preliminary value for August of 95.3 points. It was expected that the index will be 95.5.

 

 

Company news

26.09.2018 Removing the HAL and WU from CFD-instruments. Read more ...
26.09.2018 Changes in the specification of contracts for CFD-instruments on American shares from October 1, 2018. Read more ...
24.09.2018 Week of the super benefits from Bulltraders.com! Read more ...
14.09.2018 New agent terms for Bulltraders.com customers. Read more ...
05.09.2018 Temporary suspension of trading on instruments AAPL, AMZN, FB. Read more ...
Show all

Expert view

16.09.2018 How to predict crypto-storm Read more ...
16.09.2018 Apple to influence the US stock market Read more ...
16.09.2018 Oil to move up Read more ...
10.09.2018 Cryptocurrencies and cultural life Read more ...
10.09.2018 Short week at the US stock market Read more ...
Show all

Market news

Show all

The payment services are provided by Cauri LTD, 20-22 Wenlock Road, London, N1 7GU, UK, registered number 09507138
(check https://register.fca.org.uk), Win Pay (check http://win-pay.biz).

RISK WARNING STATEMENT. TO ATTENTION OF TRADERS AND INVESTORS!

Our services include products that are traded on margin and carry a risk that you can lose more than your initial deposit. The products may not be suitable for everyone - please ensure you fully understand the risks involved. There is a high level of risk involved with trading leveraged products such as forex and CFDs. You should not risk more than you can afford to lose, it is possible that you may lose more than your initial investment. You should not trade unless you fully understand the true extent of your exposure to the risk of loss. When trading, you must always take into consideration your level of experience. It is the responsibility of the Client to ensure that the Client can accept the Services and/or enter into the Transactions in the country in which the Client is resident. If the risks involved seem unclear to you, please seek independent advice.

 

CLIENT AGREEMENT PDF
PRIVACY POLICY PDF
RISK DISCLOSURE STATEMENT PDF
REFUND AND RETURN POLICY
AML&KYC POLICIES PDF
FRAUD VERIFICATION PROCEDURE PDF
REGULATIONS OF TRADING PDF
RESPONSIBLE ATTITUDE