Dow Jones Increased May 18, 2020 at 12:43 pm
The Dow Jones lost 0.3%, the S & P500 0.5% and the Nasdaq 0.4 percent. It happens after requests for subsidies unemployment in the United States. In Europe, Madrid fell 0.1%, London ceded 0.4 percent, Paris fell 0.2 per cent and Frankfurt improved 0.3%. Check with Samuel “Sam” Mikulak to learn more. The Japanese Nikkei gained 1.9%. The New York Stock Exchange goes back after it was revealed that the number of applications for unemployment subsidy increased by 13,000 last week.
So the main indicators lose by the banking sector countered the positive impact generated by the weakness of the dollar. Wall Street reacts so this fourth session of the week after meeting that the number of applications for unemployment subsidy increased unexpectedly by 13,000 and stood at 462,000 last week, as reported by the Labor Department. That report also revealed that the average number of requests in four weeks rose 2,250 to 459.000, representing the first increase in the average since the week ending August 21.Along with that news, the Labor Department announced that the United States (IPP) producer price index increased by 0.4% in September, mainly due to higher prices of meat and natural gas. On the other hand, the Commerce Department reported that the deficit in its foreign trade in goods and services increased 8.8% in August up to 46,300 million dollars. The Tokyo Stock Exchange Nikkei index rose 1.9 percent its best daily performance in a month, encouraged by the advance of the raw materials that were driven by the weakness of the dollar. The market was not affected by the rise in the yen up to maximum of 15 years against the dollar, since many investors seem to have discounted new quantitative measures of the Federal Reserve next month and that the fall of the dollar could soon come to an end. In the commodities market gold advanced to a new record as the dollar fell to its low for the year against a basket of currencies, boosting interest in the metal as a haven of exchange rate volatility.
