Business Trading deal boosts US stock markets - Bank of...

Trading deal boosts US stock markets – Bank of America disappointed

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Wall Street

The US and China plan to sign the first part of a trade agreement on Wednesday. This inspires investors.

(Photo: AFP)

new York The long-awaited trade agreement between the United States and China created positive sentiment on Wall Street on Wednesday. After months of tough negotiations, US President Donald Trump and Chinese Vice Prime Minister Liu He signed a first partial agreement to settle the trade dispute.

It provides for some tariffs to be reduced and for the People's Republic to obtain significantly more goods and services from the United States. Trump made it clear, however, that all tariffs will only be abolished if a second agreement is concluded. He quickly announced further negotiations and promised a trip to China.

The Dow Jones index of standard values ​​was 0.4 percent firmer in early New York afternoon trading at 29,056 points. The broader S&P 500 gained 0.2 percent to 3,290 points. The Nasdaq technology exchange index also rose 0.2 percent to 9273 jobs. In Frankfurt, the Dax closed 0.2 percent weaker at 13,432. Points.

Look at the individual values

Goldman Sachs: Goldman Sachs faced higher costs for legal costs and bad loans last year. Gold Institute earnings fell a fifth compared to 2018 to $ 7.9 billion, Goldman said on Wednesday. Analysts were disappointed. The shares of the US investment bank initially fell significantly, but recovered and were recently 0.4 percent higher.

Bank of America: Bank of America also earned less. Even though bond trading went surprisingly well, net profit shrank by four percent from October to December compared to the previous year. The titles fell two percent.

Black Rock: The wealth manager's papers rose 1.7 percent. Blackrock raised more money than ever in the past year. The wealth manager's profit also increased by four percent.

target: The US retail group Target scared off investors with disappointing business figures. The shares fell 7.5 percent. Rival Walmart's papers also lost one percent in the wake of this.

United Health: The largest US health insurance company posted a surprisingly high quarterly result. Investors rewarded this with a price increase of 3.3 percent.

More: European companies will distribute 359 billion euros this year – more than ever before. This is particularly important for investors.

. (tagsToTranslate) USA (t) Wall Street (t) Stock Exchange (t) Nasdaq (t) Dow Jones (t) Investment (t) Stock Market (t) Share (t) Stock Analysis (t) Bank of America (t) Goldman Sachs (t) Standard & Poor & # 039; s (t) Blackrock (t) Dax (t) Wal-Mart (t) UnitedHealth (t) Donald Trump

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