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Home / Business / Stocks tend higher, Treasury yields fall

Stocks tend higher, Treasury yields fall



Shares rose Tuesday after a holiday weekend for investors in the US and UK.

The S & P 500 (^ GSPC) rose 0.32% or 8.97 points from 9:34 am CET. The Dow (^ DJI) gained 0.37% or 94.03 points while the Nasdaq (^ IXIC) gained 0.47% or 35.33 points.

Government bond prices were higher, with yields above the curve on Tuesday morning. The 10-year US Treasury yield fell 4.2 basis points to 2.287% (9:35 am), easing slightly from a 19-month low of just over 2.27%.

Investors returned from closing the market on Monday, continuing concern about the future of trade relations between the US and China. During a state visit to Japan, President Donald Trump said over the weekend that the US was "unwilling to conclude a deal with China," and tariffs on commodities from the country could "rise very, very strongly and very slightly."

Trump added, however, that "sometime in the future, China and the United States will absolutely have a good trade agreement".

The Trump administration earlier this month revealed a list of Chinese goods worth $ 300 billion to be hit by a new 25% tariff. China also plans to cut tariffs of up to 25% on US $ 60 billion from Saturday.

Meanwhile, market participants continue to pursue British competition to replace Theresa May as prime minister after announcing her resignation in May last year. Attempts to bring Parliament together to reach a Brexit deal failed.

Boris Johnson, a Conservative favorite and Prime Minister, said Britain will leave the EU At the end of Brexit's six-month extension to October 31, there would be a deal or no deal. Foreign Minister Jeremy Hunt, another candidate in the overcrowded field of potential successors in May, said a non-deal exit would mean a "political suicide." "

The British pound (GBPUSD = X) fell to $ 1.267 against the US dollar on Tuesday morning while the euro (EURUSD = X) fell below $ 1.12 due to numerous election results across the EU.

STOCKS

<p class = "Canvas Atomic Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Fiat Chrysler ( FCAU ) announced on Monday to propose a $ 35 billion merger with Renault SA (RNO.PA) to become Toyota and Volkswagen's third-largest automaker Data-reactid = "25"> Fiat Chrysler ( FCAU ) announced on Monday a merger with Renault SA (RNO.PA) worth signing of $ 35 billion would create the world's third-largest automaker after Toyota and Volkswagen.

The deal would include 50:50 between Fiat Chrysler and Renault shareholders after a dividend of 2.5 billion euros for existing Fiat Chrysler shareholders and to be conducted under a listed umbrella Dutch holding company. The expanded company would have the capacity to produce more than 8.7 million vehicles a year, and would aim for annual savings of $ 5.6 billion. Renault said on Monday that its board of directors had met to consider the proposal.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – -sm" type = "text" content = " Emily McCormick is a reporter at Yahoo Finance. Follow her on Twitter: @emily_mcck "data-reactid =" 28 "> Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = " Read more from Emily: " data-reactid = "29"> Read more from Emily:

<p class = "canvas-atom canvas- text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Follow Yahoo Finance on Twitter Facebook [19659011] Instagram Flipboard LinkedIn and reddit . "data-reactid =" 36 ">] Follow Yahoo Finance on Twitter Facebook Instagram Flipboard LinkedIn and [19659011] reddit .


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