Greetings to everyone, hoping that you are all doing very well. Today, Monday, September 1st, we start with this month which tends to be a month more inclined to decline, having relatively stable futures in the market. Remembering that today is Labor Day in the United States, a holiday where the spot market is closed, but you can see the derivatives market that is trading.
What was the most important news we have?
* The appeals court will confirm that most of the tariffs imposed by the Trump administration are illegal, but they remain in effect, and the judicial process is ongoing. However, uncertainty continues, and we know that the Trump administration has quite a bit of power to maintain or at least begin to delay the process of a possible suspension of the tariffs.
* The United States is revoking permits for Intel and Samsung to receive manufacturing equipment.
* China is seeing a decline in housing sales in August.
* The manufacturing PMI remains in contraction at 49.4. In this case, Asian markets are trading somewhat higher, with attention primarily focused on the significant increase that Alibaba has seen, which has improved the outlook regarding artificial intelligence for China.
* Ukraine continues to intensify attacks against the Russian refinery. We are still seeing a scenario of escalation at the geopolitical level, where we begin to distance ourselves from the summit we saw with Pence-Trump.
Well, folks, I leave everything here; you can see more things, but I don't have time to argue everything. I hope everyone has a happy start to the month.