The stock markets stagnated on Thursday after China’s authorities said they were not in conversations with the United States to distend commercial tensions between superpowers.
This situation stopped a two -day increase in the markets, while the indices continued to vary depending on comments and fragments of information about tariffs, in the absence of concrete news about the climb of the global commercial war.
The S&P 500 index rose slightly to the start of operations, but the movements were moderate. This week, the index has oscillated before the reaction of investors to the comments of President Trump, who this week said he was willing to be “very friendly” in commercial negotiations with China.
The strong sale of actions on Monday followed two days of considerable profits.
He Yadong, a spokesman for the Chinese Ministry of Commerce, said Thursday that “there are currently no economic and commercial negotiations between China and the United States, and any statement about progress in economic and commercial negotiations between China and the United States are unfounded rumors without objective evidence.”
A spokesman for the Chinese Ministry of Foreign Affairs, Guo Jiakun, reiterated the position of China, according to which the tariff war was initiated by the United States and China would only establish conversations in certain conditions. “China’s attitude is consistent and clear: if they want to fight, we will fight until the end; if they want to talk, the door is open,” he said.
The previous day, the US Treasury Secretary, Scott Besent, ruled out the speculation that Trump was considering unilaterally lowering tariffs to China and stressed that any measure to reduce commercial tensions would have to be mutual. “I don’t think any of the parties believes that current tariff levels are sustainable,” he said.
In other events on Thursday
The big companies that published their most recent results warned that tariffs and economic uncertainty would affect profits in the coming months. Pepsico and Merck cut their profit forecasts, while American Airlines withdrew their prior forecast for the rest of the year, until “the economic panorama is clarified.”
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The US dollar fell to several important currencies, such as the euro, the sterling pound and the Japanese yen.
The 10 -year treasure bond performance, which move in reverse prices, fell to 4.32 percent.
Petroleum futures recovered some land, with Brent oil oil rising almost 1 percent, approaching $ 67 per barrel.
Asia and Europe’s bags quoted mixed: the main Japanese index rose, Hong Kong and South Korea went down and the markets of the United Kingdom, France and Germany remained more or less uniform.