The global stocks markets tumbled on Thursday trading. The main reason for the bear sentiment were the trade discussions between the US and China, which are still open. The US President Donald Trump and the Chinese President Xi Jinpeng are expected to meet in Japan in the G20 – meeting in June.
Dow Jones-index ended down 1,11 % to 25490 points, the S&P 500 -index closed down 1,18 % to 2822 points and the technology index Nasdaq down 1,58 % to 7628 points. The 10-year government bond yield dropped to lowest levels since 2017 and the energy stocks dropped by 3,13 % on Thursday trading.
Hewlett-Packard (HPE) announced its quarterly results and guided for fiscal 2019 the net EPS to be 2,04-2,11 dollars per share. The company net revenue was 14 billion dollars during the quarter, up 0,2 % from the year earlier. The personal systems accounted for 8,9 billion dollars of the sales and the profitable printing side 5,1 billion dollars. The stock ended down 2,65 % to 14,70 dollars.
The US President Donald Trump said in the White House press conference that the Goverment will help farmers with a new 16 billion dollars direct aid. He also mentioned that the US economy has done better since 2016 with the value of 8 billion dollars. In the trade talks issues he mentioned also the new deal with Japan in the agriculture products and also the new USMCA agreement with Mexico and Canada. According to the President, many democrats in the congress are also backing the USMCA deal.
In Europe the stocks ended also down with FTSE 100 -index down 1,41 % to 7231 points, the German Dax-index 1,78 % to 11952 points and the France CAC 40 -index down 1,81 % to 5281 points.
The EU and UK Brexit situation is still open and both sides are waiting for the EU elections results due to next Sunday evening. UK Prime Minister Theresa May is expected to leave her position after the Brexit deal and according to the new situation, all the options are still valid: no-deal or deal Brexit or new referendum.
The UK Goverment said that the Withdrawal Bill will be presented to the UK Parliament in early June. The US President Donald Trump is visiting the UK in early June from 3rd-5th June.
The sterling was trading down 0,04 % 1,2660 dollars and the euro was up 0,29% to 1,118 dollars. The US-dollar was down 0,72 % to 109,57 yens and euro was up 0,31 % to 0,8833 pounds.