The US stock markets made their comeback during Thursday trading. After the morning decline the stocks turned to green at the end of the trading day and for example the Dow Jones -index ended up 1,14 % to 23 138 points.
Investors were worried about the economy outlook related to tradetalks between the US and China, the goverment shutdowns and latest macro data regarding the consumer confidence. According to the Conference Board ,the confidence index declined to 128,1, while the market estimate was 133,5 (Bloomberg).
Some new insight was given during the day, while it is expected that the US and China negotiators will meet on January the 7th in Beijing to continue the trade talks. One of the biggest issues is also the tech-company Huawei and its position in the US markets. According to Reuters, President Donald Trump is considering different options related to the company and its security issues.
The recent discussion about the Federal Reserve and its interest rates policy has had its impact on the communications of the Central Bank. The Chairman Jerome Powell is considering having press calls after each Fed meeting, starting next year. This would have its new impact on the trading activities as well, while new comments, and maybe market-moving comments may appear after the meetings.
The tech-index Nasdaq ended up 0,38 % 6579 points and larger S&P 500 -index 0,86 % to 2488 points.
In Europe the FTSE 100 -index declined 1,52 % to 6584 points – in Frankfurt the Dax-index ended down 2,37 % to 10381 points and in Paris the CAC 40 -index declined 0,60 % to 4598 points.
In Asia, Nikkei-index ended up 3,88 % to 20077 points in Tokyo but in Hong Kong the Hang Seng index declined 0,67 % to 25 478 points.
Euro gained 0,72 % against dollar and was 1,114 dollars. The UK sterling gained 0,13 % was was 1,265 dollars.
The Swiss franc gained as safe-haven currency against euro and dollar and was 0,9875 dollars and 1,129 euros.
Brent crude (ICE) declined 2,92 % to 52,88 dollars per barrel.