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Stocks throw up as investors are waiting for Trump-Xi meeting




U.S .. shares higher higher as investors digested weak worries abroad and expected signals of progress in trade negotiations in the US and China.

<p class = "canvas-atomic text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "S & P 500 ( ^ GSPC ) rose 0.1[ads1]%, or 3.08 points, at 10:20 ET, with the consumer Dow ( DJ DJI ) climbed 0.25%, or 66.57 points, while Nasdaq ([IXIC) increased 0.04% or 3.34 points. "Data-response time =" 16 "> S & P 500 (^ GSPC) increased 0.1%, or 3.08 points, from kl. 10:20 ET, with consumer founder sector-leading advances. Dow (^ DJI) climbed 0.25%, or 66.57 points, while Nasdaq (^ IXIC) increased 0.04%, or 3.34 points.

Stocks increased through early June when central banks around the world expressed a willingness to implement looser monetary policies to help support their respective economies. The S&P 500 increased by 7.2% in June to Friday, and represents the best start of the month on record, based on data dating back to 1960.

At the same time, geopolitical tensions continue to test investors.

Over the weekend, President Donald Trump threatened to increase sanctions against Iran, which could be announced as soon as Monday. Further impetus in the country would expand a press campaign that the United States began last year, after Trump removed the US from a nuclear power agreement for 2015 and imposed sanctions to push Iran to accept limits to its nuclear program. The sanctions have hit Iran's key oil sector, and are part of the Trump administration's ambition to send Tehran's oil exports to zero.

Trump's threats come after a number of recent attacks on oil tankers in or near the Hormuz Strait, a major passage for oil transit. The United States has assumed responsibility for Iran for these events. Last week, Iranian forces turned down an American spy drone, who requested Trump to order a military strike again Iran before reversing his decision. The mounting voltage with one of the world's best raw exporters sent domestic crude futures higher.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – Sm Mt (0.8em) – The Trump administration is apparently considering requiring 5G mobile equipment to be used in the United States to be designed and Produced outside China, the Wall Street Journal [n / a] reported Sunday referring to unnamed individuals acquainted with the case, such a move would require forced companies to supply US wireless operators such as Nokia and Ericsson to move operations out of China, WSJ noted data-response time = "21"> China also remains in the cross hairs, Trump administration reportedly claims to require 5G mobile equipment to be used in the United States to be designed and manufactured outside China, Wall Street Journal reported Sunday, Referring to non-named individuals who are familiar with the case, such a move would require forced companies to provide US wireless service providers, such as Nokia and Ericsson, to move operations out of China, WSJ noted.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Later this week, Trump and China's Xi Jinping will be met at the G20 summit in Osaka, Japan, which takes place from June 28 to 29. Trump wrote in a Twitter post last week that he had talked to Xi over the phone and intended to have an "extended meeting" with the manager & nbsp; this week. "data-reactid =" 22 "> Later this week, Trump and China's Xi Jinping will meet at the G20 summit in Osaka, Japan, which takes place from June 28 to 29. Trump wrote in a Twitter post last week that he had talked to Xi over the phone and intended to have an extended meeting with with the manager this week.

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, USA, June 19, 2019. REUTERS / Brendan McDermid

While the meeting will be a focus point for investors, this week, it is unlikely to make a major breakthrough in the ongoing commercial war. lay the foundation for future progress, some analysts said.

"Our expectation o The G20 meeting is that both parties will commit to engage in a possible deal, "wrote Goldman Sachs & Jan Hatzius in a note. "This will probably involve a US commitment to temporarily refrain from increasing tariffs."

However, "some extra tariff escalation is more likely than not", even as conversations continue, Hatzius added.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The office of the US Trade Representative is Tuesday & nbsp; to discuss previously proposed tariffs of about $ 300 billion of Chinese products. "Data-response time =" 37 "> The US Trade Representative's Office holds hearings through Tuesday to discuss previously proposed tariffs of about $ 300 billion NOK of Chinese products.

STOCKS

<p class = "lerret -text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Eldorado Resorts ([19659015] ERI ) has agreed to buy Emperor Entertainment ( CZR ) in a cash bargaining agreement of around $ 8.58 billion, which would create one of the largest gambling consortia in the country. Purchases all Caesar's shares outstanding for $ 12.75 each in cash and Eldorado shares, representing a 28% premium from Caesar's closing price on Friday, worth $ 17.3 billion, including debt, according to one statement . Caesars will keep its name in the new combination company and will continue to trade on Nasdaq. "Eldorado Resorts ( ERI ) has agreed to purchase Caesars Entertainment ( CZR ) in a cash position valued at about $ 8.58 billion, which would create one of those first gambling consortia in the country. Eldorado buys all Caesar's shares outstanding for $ 12.75 each in cash and Eldorado shares, representing a 28% premium from Caesar's closing price on Friday. The deal has a value of around $ 17.3 billion, including debt, according to a statement. Caesars will keep its name in the new combined company and will continue to trade on Nasdaq.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Daimler AG ( DAI.DE ) gave its third downgrade to guidance in 12 months , and said on Sunday that it expected the operating profit in 2019 to come close to last year's level, as opposed to previous guidance for a modest earnings gain for the year, the automaker said it expects a return on sales to Mercedes-Benz Vans for the year to be negative 2% to negative 4%, down from the previous guide to flat to up 2%. Daimler said & nbsp; dimmer outlook is a result of "an increase in expected expenses" as a results of ongoing processes due to charges of distortion emission tests. "Daimler AG ( DAI.DE ) gave its third downgrade to 12-month guidance, and said on Sunday that it expected the operating profit for 2019 to come near last year's level, against previous guidance for a modest earnings gain for the year. The car manufacturer said it expects a return on sales for Mercedes-Benz Vans for the year to be negative 2% to negative 4%, down from previous guidance to flat to up 2%. Daimler said dimmer prospects are the result of "an increase in anticipated expenses" as a result of ongoing processes due to claims of distortion of emission tests.

ECONOMY

Texas producers reported a sharp decline in their perceptions of the business relationship in June, according to the Dallas Federal Reserve's monthly production activity survey. The index tracking provider's perceptions of broader business relationships fell to a three-year low of -12.1, from -5.3 in May. The consensus economists asked by Bloomberg expected the index to rise to a reading of -2.0 in June. The uncertainty measurement index in the companies' outlook climbed to 21.6, the highest level since the question was added to the survey in January 2018. At the same time, factory activity in Texas expanded in June. Index measurement of production increased by 1.6 points to 8.9 in June, which points to weak growth assessment from May.

<p class = "canvas atomic text Mb (1.0em) Mb (0) – sm Mt 0.8em) – sm" type = "text" content = " Chicago Federal Reserve National Activity Index recorded a reading of -0.05 in May, an improvement from a downward -0.48 in April led by an advance on production-related indicators, Chicago Fed said in a statement. indicators of economic activity, including production and income, employment, personal consumption and inventory data. Negative readings indicate below average growth. "data response =" 48 "> Chicago Federal Reserve's National Activity Index recorded a reading of -0.05 in May, an improvement from a down-adjusted -0.48 in April. Acquired in economic growth for the month was led by an advance in production-related indicators, Chicago Fed said in a statement. The index consists of a weighted average of 85 indicators of economic activity, including production and income, employment, personal consumption and inventory data. Negative readings indicate below average growth.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck "data-reactid =" 50 "> Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck

<p class = "canvas-atom leather text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "19459036]" Read more from Emily: "data-reactid =" 51 "> Read more from Emily:

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