The stock markets in New York are facing a higher opening on Monday. The agreement between the United States and Mexico seems to push sentiment up. In addition, takeover news may be a source of concern and trade tensions between the US and China keep things going.
The US and Mexico reached a deal about tackling migration. The introduction of 5 percent import duties on Mexican products has therefore been suspended indefinitely, President Donald Trump said.
In the meantime, investors remain focused on developments surrounding the trade struggle between the US and China. Beijing says it is open to new top-level trade talks. Whether this means that the countries will meet at the next G20 summit in Japan later this month is unknown.
Industrial group United Technologies announced that it will take over defense company Raytheon for an amount of 74 billion dollars. Together they become one of the largest defense and aviation companies in the world. Software maker Salesforce, in turn, announced that it would take over its counterpart, Tableau. That deal has a value of 16 billion dollars.
Aircraft maker Boeing is once again in the spotlight. Airline American Airlines says that the offending Boeing aircraft of the type 737 MAX will be on the ground longer than previously anticipated. The devices have been grounded for months, after two disasters with 737 MAX devices in a short time.
Fiat Chrysler also knows how to focus its attention. The Italian-American automaker, with quotations in the US and Europe, would talk to Renault about ways to reinvigorate their failed merger. Fiat Chrysler was at a profit in Milan. In any case, attention will go to the car sector in the aftermath of the Mexican deal. Many cars for the American market are healed or partly produced in Mexico.
Uber announced changes at his top shortly after his disappointing stock market debut. Board members Barney Harford, the operations director, and marketing director Rebecca Messina leave the field at the technology and taxi company.
The stock markets in New York closed on Friday with a profit. The Dow-Jones index finished 1 percent higher at 25,983.94 points. The S&P 500 won 1.1 percent at 2873.34 points. Nasdaq technology level meter rose 1.7 percent to 7742.10 points.
Abaigael Schlomski is an accomplished economist and financial journalist with over a decade of experience in the industry. He is a regular contributor to EconomicInform, where he provides in-depth analysis and expert commentary on the latest economic trends and events. With a keen understanding of the financial markets and a talent for breaking down complex economic concepts for a general audience, Maurice is a trusted and respected voice in the field.
