China shares: Are BYD and CATL shares worthwhile now? The car manufacturer BYD $BYD (+2,39 %) remains relatively stable despite the political turmoil in the US and is independent of the US market. In the midst of a tense trade conflict between the USA and China, the two countries have surprisingly decided to lower tariffs for the time being. From Wednesday, Chinese goods in the USA will only be subject to 30 percent tariffs, while American products will be subject to 10 percent. This regulation is initially valid for 90 days and offers both sides the opportunity to conduct further negotiations. Despite this positive development, uncertainty remains high for Chinese exporters as geopolitical tensions continue to loom large.
US stock markets mixed: AI shares gain after Trump's Saudi Arabia trip Wall Street took a breather after two days of gains. The Dow Jones index fell by 0.2 percent to 42,051 points, while the S&P 500 rose slightly by 0.1 percent. However, the Nasdaq Composite was able to pull away with a gain of 0.7 percent. The trade conflict between the US and China remains the dominant topic, even if the latest developments point to a possible easing of tensions. Uncertainty about future tariffs and the pressure to reach an agreement within 90 days are weighing on the markets. On a positive note, shares in Nvidia and AMD benefited from a planned investment package in AI data centers in Saudi Arabia. On the other hand, American Eagle Outfitters fell by 6.5% due to disappointing quarterly figures. Oil prices consolidated after the previous strong gains, while the price of gold fell due to falling demand for safe investments.
Sources: