The main stock market indices of the world dawns in red This Friday, product of the last chapter of the tariff novel that carries out the North American President Donald Trump. On the end of the day on Thursday, the Republican president announced that USA will impose A 35% tariff to Canadian imports next month.
Trump communicated To the Canadian Prime Minister Mark Carneyin a letter published on its platform Social truththat the new rate will enter into force on August 1 and will increase if Canada takes reprisals. It is an increase of 10 points From the current 25% rate that Trump had previously assigned to Canada.
“If Canada works with me to stop the Fentanyl flow, we, Perhaps, let’s consider an adjustment to this letter. These rates can be modified, upward, depending on our relationship with our country, “the US president closed.
To this was added another Trump statement in an interview that gave the American press that day, where he added that Other commercial partners will face tariffs from 15% to 20%.
Wall Street futures down
After closing at record levels this Thursday, the most important indices of the American stock market falls in the first operations on Friday: the S&P 500 futures They quote 42 points, or 0.66% downwards, NASDAQ futures 135 points fall, or 0.59%, and Dow futures 317 points fall, or 0.71%.
Another element that added noise were the statements of the president of the Federal Reserve of Chicag The accumulation of new levies hinders the possibility of rapid cuts of interest rates.
Goolsbee also said that “does not understand” Trump’s argument about interest rates And the costs of the US debt service, emphasizing that the mandate of the Federal Reserve is to control inflation and the level of employment, not the fiscal policy.
Bad data in Europe and increased uncertainty
After knowing Trump’s decision with Canada, the look of the market actors focuses on what will happen to the European Union, while EU officials claim that they seek an agreement before August 1, although they do not rule out retaliations if the negotiations are truncated.
To that are added some negative data that met in the old continent. On the one hand, French inflation accelerated to 1.0 % year -on -year in June, mainly driven by a rebound in services and energy. On the other, the fall of the United Kingdom GDP in May, dragged by the lazy performance of the industrial sector.
So, The French CAC LOW 1%while The British Ftse 100 falls 0.53%. Similarly, The German Dax sinks 1.12%a bad streak that was also observed in the IBEX 35 of Spain (-0.85%). At the regional level, The Euro Stoxx 50 low -low pawin index 1.12%.
Source: Ambito
