The customs cleaning between China and the USA ensures course explosion in tech heavy weights. The Magnificent 7 start the new week with a strong tailwind.
• USA and China with agreement in the customs dispute
• markets in the upswing
• Mag7 shares increase
Customs cleaning with China
After months of clashes, there was an agreement between China and the USA.
The trade conflict between the United States and China recently led to massive tariffs, which caused bilateral trade almost to a standstill, as the German press agency reports. With penalty tariffs of 145 percent on Chinese goods, the US government under President Donald Trump marked a new low in the relationships between the two economic powers. Beijing reacted to US products with counter-tariffs of 125 percent.
So far, both sides had shown and signaled and signaled not to make concessions. However, according to the negotiator Greer, the talks in Geneva at the weekend were surprisingly quickly emerging – the differences are apparently less than suspected.
On Monday, the USA and China finally announced that they temporarily reduce their mutual tariffs for 90 days. In the future, US tariffs on Chinese products will only amount to 30 percent, while China reduces its taxes to US goods to 10 percent. The agreement on the international financial markets provided noticeable price gains.
“Both delegations agree that none of the two sides want to decouple,” said US Finance Minister Scott Bessent at a press conference according to Investing.com.
“So there was a very good personal exchange, and both countries represented their national interests very well. We came to the conclusion that we had common interests and both have an interest in a balanced trade,” he said, adding that a process was already going. “And now we have a mechanism for further discussions with the Chinese,” said Bessent, according to Marketwatch.
Course gains on the stock exchanges
The announcements from Geneva initially provided positive response to the Asian financial markets on Monday. With the publication of concrete details, however, the price gains increased significantly. And the stock exchanges also absorb trips in Europe. Both the DAX and the Euro Stoxx 50 record significant profits at the beginning of the week.
Mag 7 shares with a course fireworks
But not only the most important indices do the news about customs cleaning. For the multi -trained Magnificent 7, too, on Monday it is significantly upwards in retail after the papers mostly had a difficult stand this year.
The Amazon papers at Nasdaq trading temporarily win 7.85 percent to $ 208.22. Meanwhile, the Tesla shares increase by 6.27 percent to $ 316.97. For the shareholders of Icon Apple, 6.34 percent are up to $ 210.84, while meta record gains from 7.69 percent to $ 638.03. The NVIDIA share temporarily notes 5.25 percent higher at $ 122.78, while for shareholders from Alphabet and Microsoft by 3.61 percent to $ 159.96 or $ 1.95 to $ 447.28.
Editor finance.net
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