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Dow panic, then softened because Chinese tensions subsided

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Dow panic, then softened because Chinese tensions subsided

US stocks heaved a sigh of relief on Friday after President Trump’s tough talks against China did not include the announcement of new tariffs.

The Dow Jones industrial average fell by 368.97 points, or 1.4 percent, to 25,031.67 ahead of Trump 2 p.m. news conference. The index closed down just 17.53 points, at 25383.11, fell 0.07.

The S&P 500 rose 14.58 points, to 3,044.31, up 0.48 percent, while the Nasdaq was the biggest movers of the day, jumping 120.88 points, or 1.29 percent, to close at 9489.87.

Trump’s announcement is expected to add heat to the boiling battle between the world’s two largest economies and throwing cold water at the recent stock market rally. Instead, Trump announced that the US would no longer fund the World Health Organization and would eliminate Hong Kong’s special relationship status after Beijing intensified attacks on the city.

The two steps were grilled because Trump had threatened WHO for months and Foreign Minister Mike Pompeo earlier this week decided that Hong Kong no longer had sufficient autonomy from China.

“The world needs an answer from China about the virus. We must have transparency. Why did China close infected people from Wuhan to all other parts of China? “Said Trump from the White House Rose Garden.

“There is fear that it will lead to increased tensions between the US and China,” said Quincy Krosby, chief market strategist for Prudential Financial. “The concern is that this could lead to the sudden closure of phase-one trade agreements.”

The fear was not realized on Friday.

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“That was partly a relief rally,” said Lindsey Bell, chief investment strategist for Ally Invest. “The market expects something far worse related to trade deals but not much can be chewed in the end. It’s just a big drop for people to buy it.”

Wall Street has made a comeback from accidents caused by coronaviruses over the past two months when countries began to ease lockouts aimed at controlling a pandemic. The S&P closed Thursday at only 10.7 percent below the all-time high reached in February.

Now markets have ignored the possibility of a trade war reignited with China when the country reopened from a pandemic, analysts expect more green days in the future.

“Investor optimism returned after a week in which some economic data became less dire,” Bell said.

With Post cable

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Portuguese historical films will premiere on 29 December.

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Portuguese historical films will premiere on 29 December.

Method Media Bermuda will present the documentary FABRIC: Portuguese History in Bermuda on Thursday, December 29 at the Underwater Research Institute of Bermuda.

A spokesperson said: “Method Media is proud to bring Bermuda Fabric: Portugal History to Bermuda for its 5th and 6th showing at the Bermuda Underwater Observatory. In November and December 2019, Cloth: A Portuguese Story in Bermuda had four sold-out screenings. Now that Bermuda has reopened after the pandemic, it’s time to bring the film back for at least two screenings.

“There are tickets Ptix.bm For $ 20 – sessions at 15:30 and 18:00. Both screenings will be followed by a short Q&A session.

Director and producer Milton Raboso says, “FABRIC is a definitive account of the Portuguese community in Bermuda and its 151 years of history, but it also places Bermuda, Acors and Portugal in the world history and the events that have fueled those 151 years.

“It took more than 10 years to implement FABRIC. The film was supported by the Minister of Culture, the Government of the Azores and private donors.

Bermuda Media Method [MMB] Created in 2011 by producer Milton Raposo. MMB has created content for a wide range of clients: Bermuda’s new hospital renovation, reinsurance, travel campaigns, international sports and more. MMB pays special attention to artistic, cultural and historical content.

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CRISTANO RONALDO CAN MAKE UP A GIANT IN CARIOCA AND PORTUGUESE TECHNICIAN SAYS ‘There will be room’

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CRISTANO RONALDO CAN MAKE UP A GIANT IN CARIOCA AND PORTUGUESE TECHNICIAN SAYS 'There will be room'

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Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.

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Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.

Maestro Filipe Cunha, Artistic Director of the Philharmonic Orchestra of Braga, has been invited to conduct the Cuban National Symphony Orchestra, as announced today.

According to a statement sent by O MINHO, “he will be the first Portuguese conductor to conduct this orchestra in its entire history.”

In addition to this orchestra, the maestro will also work with the Lyceo Mozarteum de la Habana Symphony Orchestra.

The concerts will take place on 4 and 12 March 2023 at the National Theater of Cuba in Havana.

In the words of the maestro, quoted in the statement, “these will be very beautiful concerts with difficult but very complex pieces” and therefore he feels “very motivated”.

From the very beginning, Rachmaninoff’s Piano Concerto No. 2 will be performed by an Italian pianist (Luigi Borzillo), whom the maestro wants to bring to Portugal later this year. In the same concert, Mendelshon’s First Symphony will be performed.

Then, at the second concert, in the company of the Mexican clarinetist Angel Zedillo, he will perform the Louis Sfora Concerto No. 2. In this concert, the maestro also conducts Tchaikovsky’s Fifth Symphony.

“This is an international recognition of my work. An invitation that I accept with humility and great responsibility. I was surprised to learn that I would be the first Portuguese member of the Cuban National Symphony Orchestra. This is a very great honor,” the maestro said in a statement.

“I take with me the name of the city of Braga and Portugal with all the responsibility that goes with it, and I hope to do a good job there, leaving a good image and putting on great concerts. These will be very special concerts because, in addition to performing pieces that I love, especially Rachmaninov and Tchaikovsky, I will be directing two wonderful soloists who are also my friends. It will be very beautiful,” concludes Filipe Cunha.

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