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As the Seesaw trading session in the financial markets, Seesaw trading session ends with strong gains on Friday.
At the same time, investors have historically continued to ie things that have historically safe shelters – that is, the dollar and treasury bonds and the prices of prices reached fresh high.
After walking back and forth between positive and negative terrain Dow Jones Industrial Average 619 points or 1.56% closed. S & P 500 leap 1.81%, and Half Increased by 2.06%.
Dow for week, 5%, S & P 500 500 500 500% and NASDAQ 7.3%, after diving before, then the President Donald Trump’s crown tariffs did not last 90 days. Markets then ceeded a large part of earnings on Thursday.
Friday rallies from China, Trump raised 125% to 125% of 125% of up to 125% from the collection of up to 145% to 145%. But Beijing will not be engaged in tat-tat-tat tat for tat, and Trump said that a transaction is optimistic, suggesting bare, which offers bare can be prevented.
Again, with high tariffs, Wall Street expects trade between the two largest economies of the world.
In addition to financial markets, the mood was elsewhere and said that confidence in the US assets is deteriorating and accelerating the de-dollar trend.
On Friday, the US dollar index, which followed the greenery against a basket of global currencies, slipped 1% per week and lost 3%. This did the dollar hit the lowest level against the euro for three years.
The cost of 10 years of treasury bonds fell even lower, sent productivity to 8.476%. Since Trump’s “Freedom Day” fell from 4% to 4% in the release of Draconian tariffs, the foothills caused about 50 main points.
Larry Summers, the former Treasury Secretary Larry Summers, said that the treasures trade “As in a developing market nation.”
On the contrary, fertility about the 10-year Japanese bonds, as they did on Friday, as during the hearth week, again jumped.
Another safe-Haven asset was shot because they lost in favor of gold, dollars and treasury. The precious metal finished $ 2% on Friday, on Friday to $ 3252.60 to $ 3252.60 on Friday.
Demand for the dollar and treasury bonds during the market period broke the long-term status Traditional safe havens.
“We are witnessing the price of all US assets between all US assets, alternative reserve (foreign currency) and the bond market,” George Saravelos, Global Head of FX Research George SaravelosGerman bankthis week in a note. “We are entering the global financial system (ed).”
This story was first displayed Fortune.com