Stocks are opening higher on Wall Street on Tuesday following gains in Europe, where markets rose on some encouraging economic data.
Asian markets initially opened lower, spooked by reported comments by White House trade advisor Peter Navarro suggesting that the U.S. trade deal with China was in trouble. European shares advanced after a measure of economic activity in the eurozone, the purchasing managers’ index, rose significantly in June from the month before. The index was just shy of the level that indicates the economy is growing again after a devastating plunge in the spring.France’s CAC 40 gained 1.6% to 5,027, while Germany’s DAX rallied 2.6% to 12,584. Britain’s FTSE 100 gained 1.3% to 6,235.
Look at that: Wall Street is completely oblivious to what's actually happening in the real economy. We need to stop looking at the stock market for an indicator of economic health, it's nothing more than a Capitalist Mood Ring
More Americans out of work than even during The Great Depression, and the stock market keeps breaking records while the legitimately stupid keep claiming realDonaldTrump is 'winning.' The only thing higher than the stock market are the levels of idiocy from the MAGA cultists.
Add this to the beginning of your headline: 'Much to our disappointment here at the LA Times. . .'
Trump keeps winning. 👍🇺🇸
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