The withdrawal of the US from the Paris Agreement did not affect the capital markets. I don’t think that’s a reasonable move. Losing the support of the CEO of key companies such as Tesla, Apple and the lack of support of voters will not lead to an increase in the popularity of the new president. During the week, conflicting data came out from the American economy. There is more than a 3% drop in new mortgage loan applications, the Chicago PMI index has reduced its value. On the other hand, the private sector has opened 253,000 jobs in anticipation of over 180 000 seats. In May, private consumption in the US increased by 0.4%.
The growth of technology companies since the beginning of the year is 40%, and Amazon has gone above a key level of $1,000 per share. At the beginning of the year, investors had focused on the rising dollar and rising bond yields, as well as on the risks arising from them. Currently, the US dollar and yield rates are at levels before Donald Trump’s election, unlike the levels of major indices in the US capital market.
The polls that come from the island show a hesitant presentation of Teresa May. The risk of her getting less seats than those she had before resigning affect the downgrade rate of the English pound. The conflicting data from Britain continues.
Unemployment in the Eurozone dropped by one percent to 9.3%, with a similar decline in the EU and Bulgaria.
