Sunday , January 24 2021

US stocks within a day – strong Sino-USA data trade increase Dow Jones raised more than 260 points

China's strong manufacturing data and the United States have slowed the fear that the global economy can decline. The US stock market rose on Monday, and Dow Jones raised more than 260 points, cutting the 26,000 marks.

Taipei Time 00:01

Dow Jones Industrial Average rose 254.42 points or 0.98% to 26,183.10.

Nasdaq index rose 68.02 points or 0.90% to 7797.34.

The S&P 500 index rose by 23.73 points or 0.84% ​​to 2858.13.

Bank stocks rose widely, with Citigroup, Goldman Sachs, Morgan Stanley and Bank of America both raising at least 2%.

The Institute of Supply Management (ISM) announced that manufacturing activity in the US had expanded in March and had been lowered since the end of 2016. After the data was released, Dow Jones and S&P 500 rose high in the UK. daytime.

China's Manufacturing Purchasing Managers (PMI) Index rose in June to 50.8, an eight-month high. The analyst estimates 49.9. The index above 50 represents expansion and below 50 in contraction.

Asian stocks rose after the data was released. The Shanghai Composite Index closed 2.6%.

The data gave investors a sigh of relief and were concerned about the global economic downturn. At the start of last week, the stock market was under pressure as the bond market showed that the US economy could decline.

The US 10-year bond yields fell and were below the 3-month bond yield, forming a product-facing curve as an indicator of economic recession.

The analysts said, "The crop production curve is on top of each other to make investors careful about the economy and the financial markets. But we don't think the weight comes because indicators Other recession presents warnings of such. "

Other BBC news includes that China and the United States have recently concluded the latest round of trade negotiations. US officials said last week that China has drafted a number of issues, including forced technology transfer, which has improved a lot.

This week, China and the US will resume negotiations in Washington.

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