Global stock indicators fell, Friday, collectively, with weak pressure and the deterioration of investor morale, and the American and European indicators decreased, and the Tokyo Stock Exchange fell under the weight of profit for profit in the last August trading sessions.
The main stock indicators on the American Wall Street Stock Exchange fell, after an inflation report, which strengthened the bets to reduce interest rates in September, but it raised fears of price increases due to customs duties.
During the trading, the Dow Jones Industrial Index decreased 45.9 points or 0.10 % to 45590.96 points, the Standard and Poor’s index fell 500 by 12.6 points or 0.19 % to 6489.28 points, and the Nasdaq Synod index lost 74.8 points or 0.34 % to 21630.326 points.
Invidia’s share, after reports on the development of Chinese “Ali Baba”, fell on electronic chips for artificial intelligence to overcome America’s export restrictions on advanced technologies.
The NASDAC arrow fell 3.17 % to 174.45 dollars during trading after the Wall Street Journal published a report that Ali Baba developed new diverse new chips aimed at serving a broader group of inferring tasks of artificial intelligence.
Consumer confidence in the United States decreased during August, coinciding with the high expectations of inflation, and the deterioration of families’ view of many aspects of the economy.
A monthly survey by Michigan University showed that the consumer confidence index decreased to 58.2 points in August’s final reading from 61.7 points in July.
Although the index is 11 % higher compared to April and May levels, it has decreased 14.3 % over the past 12 months.
Critical facilitation
For his part, Christopher Wald, a member of the Federal Reserve Council (the US Central Bank) and one of the candidates to succeed the Speaker of the House Jerome Powell, called for a reduction in the main interest rate at the next meeting scheduled for September 16 and 17.
“We should have reduced the benefit in July,” Walm said in Miami’s speech during the last meeting of the US Central Bank’s Monetary Policy Committee.
He added, “Hope still limits me to facilitate the critical facilitation in our next meeting to prevent the deterioration of the labor market, and at the same time re -inflation to 2 % and continued,” So, let us go ahead. “
During the last meeting of the Monetary Policy Committee at the end of July, Wallet and Federal Reserve President Michel Bowman supported the benefit of the interest, while the other members, who formed the majority, chose to maintain the current situation.
Waller is an economist and one of the names presented to succeed Jerome Powell as the Federal Reserve Chairman.
For several months, Trump has publicly invited the central bank to facilitate monetary policy.
Trump did not hide his desire to dismiss Powell, whose mandate ends next year, although his validity as president is confined to appointing the head of reserves, not his dismissal.
European losses
European stocks declined at the closure, but they recorded monthly gains as inflation data assessed many major economies in the euro area.
The “Stoxus Europ 600” index decreased by 0.64 %to 550.14 points, recording weekly losses by 2 %, but achieved monthly gains by 0.74 %.
The German “DAX” index fell 0.57 % to 23902 points, the French “CAC” 0.76 % to 7703 points, and the British “Fotsi” 0.32 % to 9187 points.
Initial data issued today showed that consumers’ prices in Germany increased by 2.1 % during August, while it was expected to increase 2 %, after inflation recorded 1.8 % in July.
In France, the rate of consumer price index increased by 0.9 % on an annual basis in August, from 1 % in July, while the annual inflation rate in Spain stabilized at 2.7 %.
Japanese retreat
The Japanese Nikai index fell upon closing with pressure from a profit reaping wave on the last day of trading a month after heights witnessed by August and with pressure from the height of the yen and the issuance of some economic readings that came weak.
The Nikai Index fell 0.26 % to conclude transactions at 42718.47 points, decreasing its weekly gains to 0.2 %.
The index concluded August dealings with a monthly increase that exceeded 4 %. On August 19, he reached a high record when he scored 43876.42 points.
The broader Topics index fell 0.47 % to 3075.18 points and recorded a weekly decrease by 0.83 %, but it recorded a monthly increase of 4.49 %, as the month also witnessed its rise to the highest level ever.
Japanese stocks have achieved gains in the past few weeks thanks to the results of strong businesses for companies and in general in global stocks, with a batch of leaps in “Wall Street”.
Profit
“This is an atmosphere that tempts profits in Japanese stocks,” said Maki Sawada, analyzed in Nomura, about the strong gains in August.
She added that the positive future view that came due to the results of the strong businesses of companies “has not changed and will continue to support the Nikai index in September.”
The shares of car manufacturers fell with the rise of the yen during the night against the dollar, which reduced the value of profits abroad for these companies. Toyota shares fell 1.58 % and Honda 1.29 %.
As for the shares of the chips sector companies, the week’s transactions concluded with limited declines after they recovered from a greater decline in the morning session.
Tokyo Electron‘s shares closed on a fall 0.41 %, and Sony’s share fell 1.45 %and Nintendo 0.89 %.
Of the 225 arrows listed on the Nikai index, 152 shares fell, 68 rose and 5 shares settled.
