The S&P 500 falls 1.9%, Nasdaq drops 2%and Dow Jones yields 1.7%. The growing commercial war between the United States, China, Canada and Mexico is helping Extend a recent one Fall of US actions that was caused by signs of weakness in the economy.
The actions of Target and Best Buy fell after retailers warned of higher prices for consumers due to tariffs.
On the other hand, the yields of the American treasure bonds fell on Tuesday, when the tariffs of President Trump, Canada and China entered into force.
The new 25% Trump tariffs on imports from Mexico and Canada, as well as the duplication of rights over Chinese imports, could shake almost 2.2 billion dollars in annual trade with the three largest commercial partners in the United States.
China immediately responded with tariffs between 10% and 15% on certain US imports as of March 10 and a series of new export restrictions for designated American entities.
Meanwhile, the Canadian Prime Minister, Justin Trudeau, said that Ottawa was launching 25% tariff Vigor in 21 days.
The return of the debt at 10 years fell 3.8 basic points, to 4,142%, after touching 4,115%, its minimum since October 21. The returns have recently descended, with 10 -year profitability registering its greatest weekly fall since the end of November last week, since the weakening of economic data renewed concerns about the growth of the United States and inflation. 30 -year profitability yielded 0.1 basic points, at 4,463%.
A very guarded part of the yield curve, which measures the difference between the bond rate to two and 10 years, considered an indicator of economic expectations, was 25.7 basic points after rising to 26.2 bp, the highest level in two weeks. The two -year performance, which usually moves to the rhythm of interest rates expectations, fell 9.9 basic points, to 3,881%.
Europe and Asia markets
For their part, markets in Europe fell dramatically, while actions in Asia saw more moderate descents.
In Europe, at noon, Germany’s Dax fell 2.3%, while in Paris CAC 40 decreased 1.4%and British FTSE 100 lost 0.5%.
In Asian trade, Tokyo’s Nikkei 225 fell 1.2% to 37,331.18, while Hang Seng in Hong Kong lost 0.4% to 22,922.16 and the Shanghai compound index rose 0.2% to 3,324.21.
The South Korea Kospi gave 0.2% to 2,528.92. Taiwan’s Taiex lost 0.7%, while Bangkok set fell 1.1%.
Source: Ambito
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