Morning Bid: Japan deal electrifies markets

Written by Mike Dolan

LONDON (Reuters) – What matters in the United States and global markets today

Written by Mike Dolan, Editor and Man, Finance and Markets

What was a quiet week in the market was speculated by a trade deal over the United States overnight, as the stock index in Japan in Japan increased by more than 3 % to its best level in one year, stimulating Japanese revenues of 10 years to the highest point in nearly 17 years by paying the yen.

The deal – which reduces American definitions on Japanese commodities to 15 % from 25 % compared to $ 550 billion of Japanese investments and loans in America – led an increase in car shares all over the world, with Toyota’s share prices jumped by 14 %. Separately, local media reports reported that Japanese Prime Minister Shigro Ishiba may now resign after all after the results of the bad weekend elections. He later denied this.

* The agreement with Japan stimulated hopes on other major deals before the date of the tariff next week, and the European Port also raised. Meanwhile, Wall Street’s stock indexes rose in Wall Street, and the dollar’s weakness on a large scale.

* Focusing on other deals that may occur before the deadline for the tariff on August 1, US President Donald Trump said that European Union representatives are scheduled to adhere to trade negotiations with the United States on Wednesday, and Treasury Secretary Scott Payett said that US and Chinese officials would meet in Stockholm next week.

* Wall Street is now returning to the profit season, where two of the “Seven Magnificent Seven” companies – Alphabet and Tesla – informed after the bell on Wednesday. The first performance, in particular, will test the strength of the subject of artificial intelligence, which still has profound effects on the entire economy.

Today I will take a look at how artificial intelligence boom – data center and infrastructure prosperity around – still expels GDP growth.

Market accurate today

* US President Donald Trump has concluded a commercial deal with Japan that reduces definitions of car imports and spare parts from punishing new fees on other goods in exchange for a package of $ 550 billion of investment and loans in the United States.

* European stocks rose on Wednesday, supported in the hope of a trade agreement between the European Union and the United States after the Trump deal with Japan sent Japanese stocks to the highest level in one year.

* China has formed what it says will be the largest in the world of hydroelectric power, an achievement of $ 170 billion who is able to generate enough electricity every year to operate Britain.

* Wall Street’s concentration in the hot technology sector is, through some measures, greater than it was ever, and hitting the eclipse levels during the Dotcom bubble in the nineties. Jimmy McGiv, a market column writer, asks whether this means that history must repeat itself.