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Trump adviser: "Dow Jones" may exceed 30 thousand points
02 July 2019 09:54 PM
Direct : Commercial Counselor White House said that "Dow Jones" index may exceed the level of 30 thousand points in the case of lower interest and pass Congress trade deal between the United States, Canada and Mexico rates.
The index closed yesterday's session at 26717 points, nearly 1 percent below the record high in October.
Peter Navarro told CNBC that the rate cut and the approval of the trade deal would push the markets higher.
Navarro criticized the Fed's four-fold increase in interest rates last year. "We hope the Fed will do the right thing, cut interest rates and bring us back on track," Navarro said.
Markets put the odds at 76.5 percent to cut interest rates by 0.25 percent next month.
In another context, Navarro said that the US tariffs on Chinese goods do not harm economic growth.
Last week, the United States and China agreed to halt the increase in US tariffs and the resumption of trade talks between the world's largest economy.
https://www.mubasher.info/news/3497140/%D9%85%D8%B3%D8%AA%D8%B4%D8%A7%D8%B1-%D8%AA%D8%B1%D8%A7%D9%85%D8%A8-%D8%AF%D8%A7%D9%88-%D8%AC%D9%88%D9%86%D8%B2-%D9%82%D8%AF-%D9%8A%D8%AA%D8%AC%D8%A7%D9%88%D8%B2-30-%D8%A3%D9%84%D9%81-%D9%86%D9%82%D8%B7%D8%A9
02 July 2019 09:54 PM
Direct : Commercial Counselor White House said that "Dow Jones" index may exceed the level of 30 thousand points in the case of lower interest and pass Congress trade deal between the United States, Canada and Mexico rates.
The index closed yesterday's session at 26717 points, nearly 1 percent below the record high in October.
Peter Navarro told CNBC that the rate cut and the approval of the trade deal would push the markets higher.
Navarro criticized the Fed's four-fold increase in interest rates last year. "We hope the Fed will do the right thing, cut interest rates and bring us back on track," Navarro said.
Markets put the odds at 76.5 percent to cut interest rates by 0.25 percent next month.
In another context, Navarro said that the US tariffs on Chinese goods do not harm economic growth.
Last week, the United States and China agreed to halt the increase in US tariffs and the resumption of trade talks between the world's largest economy.
https://www.mubasher.info/news/3497140/%D9%85%D8%B3%D8%AA%D8%B4%D8%A7%D8%B1-%D8%AA%D8%B1%D8%A7%D9%85%D8%A8-%D8%AF%D8%A7%D9%88-%D8%AC%D9%88%D9%86%D8%B2-%D9%82%D8%AF-%D9%8A%D8%AA%D8%AC%D8%A7%D9%88%D8%B2-30-%D8%A3%D9%84%D9%81-%D9%86%D9%82%D8%B7%D8%A9
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