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05/17/2019

Yesterday, the US stock market indexes ended the day up because there is still a hope for the resumption of negotiations with China. Six months remain to agree on mutual conditions for cars supply: the United States has postponed the increase in tariffs by six months. Statistics and reports from US companies are also bullish. In April, new construction rose by 5.7% to 1.24 million units. Last week, the number of initial applications for unemployment benefits fell by 16,000 to 212,000 applications. Walmart Inc. (+ 1.43%) reported a profit above expectations. Shares of network equipment manufacturer Cisco Systems Inc. rose by 6.66%. Yesterday, at the end of the day, the DJIA index rose by 0.84% to 25,862.68 p., and the S & P 500 index rose by 0.89% to 2,876.32 p.

Most Asian indexes started a new day in the green zone despite US-China tensions. In Japan, the market rose strongly thanks to the announcement of a buyback program by Sony. The program is estimated at $ 1.8 billion. As for Chinese market, uncertainties persist in the market for local manufacturers of telecommunication equipment. The US mobile network market is now closed for deliveries from China. The Nikkei 225 index reached 21281.63 p. (+ 1.04%), Hang Seng: 27982.66 p. (-1.03%), Shanghai Composite: 2902.84 p. (-1.79%).

On the Dalian Stock Exchange (China), the value of the iron ore supply contracts has reached its highest peak since 2010. This is partly due to the fact that a mine accident in the north of China could lead to many inspections in similar companies and therefore, the supply disruption. As for the oil market, tensions in the Persian Gulf continue: Saudi Arabia has accused pro-Iranian forces of launching drone attacks on its oil transportation infrastructure. Today, Brent is traded at $ 72.62 (+ 0.00%), WTI: $ 63.11 (+ 0.08%), gold: $ 1287.8 (+ 0.12%), copper : $ 6,024.15 (-0.56%), nickel: $ 12,100 (-0.62%). The dollar index fell by 0.04% to 97.81%. This morning, the EUR / USD parity reached $ 1,117 (+ 0.01%), GBP / USD: 1,279 (-0.06%), USD / JPY: 109.64 (-0.2%).

The French wheat market continues to strengthen thanks to Chicago. The September contract for milling wheat in Paris increased by 1.75 euro to 173.75 € / ton (194.22 $ / ton). The Chicago wheat market is up sharply due to the closing of short positions and the rise of the corn market. The July contract for SRW soft wheat in Chicago increased by $ 6.71 to $ 171.59 per ton.